Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.20)

20. 

Fitch Ratings Inc. in its June 2020 update of Global Economic Outlook, has lowered India's growth forecast for FY 2021-22 to what percent from 9.5 % projected in may 2020?

[A]. 8%
[B]. 7.9%
[C]. 6%
[D]. 6.8%

Answer: Option A

Explanation:

Fitch Ratings Inc., an American credit rating agency in its June 2020 update of Global Economic Outlook (GEO), has lowered India's growth forecast for FY 2021-22 to 8% from 9.5 % projected in may 2020 due to the toughest lockdown imposed by the central government to prevent the outbreak of Coronavirus (COVID-19). However, Fitch has not made any change in its previous estimate of a - 5% in the economy during the current financial year (FY 2020-21).

Post your comments here:

Name *:

Email   : (optional)

» Your comments will be displayed only after manual approval.