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.
a. 5.9
b. 5.7
c. 5.4
d. 5.2
![S&P Lowers India's Growth Forecast S&P Lowers India's Growth Forecast](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFCIOTVCyaq00_7RyG95neKjtDAybooJvGHkYr6LWFSjKHZfxS-6HFU7Om9PbaBe9sMICZX0KKVWLKRcfxehVsiU_pU3oQul-Qtrgp73YbZjnPK2LGUVILCHwhQKdigFDGL_RQeKyBoJDh/s320-rw/S%2526P+Lowers.jpg)
- 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