Current Context: Fitch Solutions has forecasted India’s economic growth forecast to 1.8% for FY 2020-21.
- It has lowered the economic growth forecast form 4.6% stating the reason for the COVID-19 pandemic situation has resulted in the stepping down of economic activities in the country.
- It has also stated the contraction in fixed investment as capital expenditure has lowered by many businesses to reserve the cash amid elevated economic uncertain situation arisen due to COVID-19.
- Fitch has also reduced to GDP forecast for China for FY 2020 from 2.6% to 1.1%.
Static Part:
- Fitch Solution HQ: New York
Question:
Q.1 What is the GDP forecast for India for FY 2020-21 derived by Fitch Solution?
a. 1.6%
b. 1.8%
c. 1.9%
d. 2.0%
a. 1.6%
b. 1.8%
c. 1.9%
d. 2.0%
