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In June 2020, S&P Global Ratings has said that the Indian economy is in deep trouble with growth expected to contract by how much per cent this fiscal?

In June 2020, S&P Global Ratings has said that the Indian economy is in deep trouble with growth expected to contract by how much per cent this fiscal? Correct Answer 5

  • S&P Global Ratings has said that the Indian economy is in deep trouble with growth expected to contract by 5 per cent this fiscal.
  • In its report titled 'Asia-Pacific losses near USD 3 trillion as balance sheet recession looms', S&P projected the region's economy to shrink by 1.3 per cent in 2020, but grow by 6.9 per cent in 2021.
  • This implies a loss nearing $3 trillion output over these 2 years.

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