CRISIL

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) ..

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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 ..

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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 ..

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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 ..

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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 ..

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CRISIL pegged India’s Growth Rate for FY21 at 1.8%

CRISIL, the rating agency, recently pegged India’s growth rate at 1.8% for FY21- a downgrade from an earlier estimate of 3.5%. Recent Predictions CRISIL, the domestic rating agency, cut down its projections for economic growth in India for FY21 from ..