Question : Fitch Ratings on Tuesday(30th June,2020) cut India’s growth forecast for 2021-22 fiscal to _ from 9.5 per cent projected last month.
(a)8percent
(b) 7 percent
(c)6 percent
(d)5 percent
Answer : (a)
Related facts
- Fitch Ratings has recently (30th June,2020) slashed India’s growth forecast for 2021-22 fiscal to 8 per cent from 9.5 per cent projected last month.
- It retained its projection of Indian economy contracting by 5 per cent in the current fiscal.
- Indian economic growth stood at an estimated 4.2 per cent in 2019-20.
- In its June update of Global Economic Outlook, Fitch projected Indian economy to grow 5.5 per cent in 2022-23.
- In May update to the oulook, Fitch had projected 9.5 per cent growth in 2021-22.
By — Pankaj Pandey