S&P Lowers India's Growth Forecast

Published on March 18, 2020
Current context: Standard and Poor's (S&P) Global Ratings has lowered India’s economic growth forecast to 5.2% for 2020 on 18th March 2020.
S&P Lowers India's Growth Forecast 
  • S&P Global Ratings had earlier projected a growth rate of 5.7% during 2020 calendar.
  • The agency projected that the Asia-Pacific economic growth in 2020 will be more than halve to less than 3%.
  • It said that the global economy is entering a recession amid the coronavirus pandemic.
  • It lowered the forecasts for China, India, and Japan for 2020 to 2.9 %, 5.2 % and -1.2 % from 4.8 %, 5.7 %, and -0.4% previously).
  • Moody and OECD have recently cut their growth projections for India to 5.3% and 5.1% respectively for 2020.

Question: 

Q.1 The Standard and Poor's (S&P) Global Ratings has lowered India’s economic growth forecast to __________% for 2020 amid COVID 19 outbreak?
a. 5.9
b. 5.7
c. 5.4
d. 5.2

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