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Business Economy

Moody’s cuts India GDP forecast; ‘demand, credit growth critical’

Posted on Author NewsDesk

Moody’s has revised its growth forecasts for India downward to 5.4% for 2020 and 5.8% for 2021, from its previous projections of 6.6% and 6.7%, respectively. It has also revised its global GDP growth forecast down, given the adverse impact of the coronavirus on the world economy. “We we now expect G-20 economies to collectively […]
Business Economy

RBI says lack of domestic demand affecting ‘animal spirits’ of economy

Posted on Author NewsDesk

The Reserve Bank of India (RBI) — in its annual report for 2018-19 — said it was the domestic demand that was holding back the animal spirits in the economy even as it acknowledged that the recent deceleration could be in the nature of a soft patch mutating into a cyclical downswing, rather than a […]
Business Economy

Fitch Ratings revises India’s outlook to negative from stable

Posted on Author NewsDesk

The rating agency expected economic activity to contract by 5% in the fiscal year ending March 2021 Source: thehindu.com Related

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