S&P Global Ratings lowered India’s economic growth forecast to 5.2% for 2020
S&P Global Ratings lowered India’s economic growth forecast to 5.2 per cent for the year 2020. The rating agency had earlier predicted the growth rate of 5.7% for 2020.
The agency also estimated that the Asia-Pacific economic growth in 2020 will dip to less than 3 per cent. It also revealed that saying the global economy is entering a recession amidst the coronavirus pandemic.