India Ratings and Research Current Affairs, GK & News
The fiscal deficit of the government of India will touch 7.6 per cent in the Financial Year 2020-2021 as per the credit rating agency Ind-Ra. This is double the budget estimates made by the central government for this year. The reasons assigned for this are shortfall in revenue collection due to COVID 19 pandemic around ..
Month: Current Affairs - July, 2020
Category: Economy & Banking Current Affairs
India Ratings recently revised its economic growth estimate for the country to 1.9%- the lowest in nearly 3 decades. Recent Forecasts India Ratings has revised its prediction for the GDP growth of India from 3.6% in March to 1.9% for this fiscal year. This is the lowest in 29 years. The last time India saw ..
The Mumbai headquartered India Ratings and Research (Ind-Ra) has estimated that the gross domestic product (GDP) of India to grow at 5.5 percent in FY21. The rating agency also hoped that the growth would improve in 2021 but the country’s economy is stuck in a low consumption-low investment phase. It observed that the shortfall in ..