Current Context: An American Credit rating Agency, Fitch Rating Inc. has released its Global Economic Outlook for the month of June 2020.
- As per the report, India’s growth forecast for the financial year 2021-22 is marked at 8%. Initially, it was marked at 9.5% by the Fitch. However, it has reduced it to 8%.
- The reduction in the growth forecast is marked due to the negative impact on economic growth due to pandemic COVID-19.
- For the current fiscal year, the projection of India economy to be contracting by 5% as per Fitch Rating Agency.
- Static Part:
- HQ of Fitch Rating: New York, US
Question:
Q.1 Fitch slashes India’s growth forecast for FY 2022 to ___% from 9.5%?
a. 8.5%
b. 8%
c. 7.5%
d. 6%
a. 8.5%
b. 8%
c. 7.5%
d. 6%
