CRISIL Current Affairs, GK & News

Crisil upgraded credit outlook of India Inc to Positive

Crisil Ratings have upgraded credit outlook of India Inc to positive. It is a broad-based recovery for India Inc currently. Key Points Earlier India Inc’s credit outlook was ‘cautiously optimistic’. According to Crisil, credit ratio (number of upgrades to downgrades) increased to over 2.5 times in first four months of the fiscal 2021-2022 against 1.33 ..

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CRISIL cuts India’s GDP forecast to 9.5% from 11%

Ratings agency, CRISIL, has cut India’s gross domestic product (GDP) growth forecast from 11 percent to 9.5 percent for fiscal year 2021-2022. Highlights Downward forecast reflects that second covid-19 has hit two engines of growth private consumption and investment. It has thrown Indian economy to most severe contraction since Independence. Pinpricked Growth report As per ..

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OECD interim ‘Economic Outlook’

The Organisation for Economic Co-operation and Development (OECD) published its interim Economic Outlook on March 9, 2021. It has projected that the Indian economy will grow at the rate of 12.6% in Financial Year 2022. This will be the highest among G20 countries. Highlights The economic outlook is aided by the additional fiscal support after ..

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Average income of MGNREGA workers got doubled during lock-down: CRISIL

Indian credit rating agency CRISIL has said according to its report, the average income of MGNREGA workers has doubled in the time period of the COVID-19 outbreak lockdown to around Rs 1,000 during the first quarter of the FY20. What is the MGNREGA scheme? Mahatma Gandhi National Rural Employment Guarantee Act is a labor law ..

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World Bank Report

The World Bank in its latest Global Economic Prospect downgraded its projection of growth of India by -9%. However, the World Bank believes that Indian growth is to bounce back in 2021. Highlights The World Bank says that the growth of India has slowed by 4.2% in 2019-20. The other international rating agencies such as ..

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