• Contact us
  • Privacy Policy
  • Sitemap
  • Disclaimer
Thursday, February 25, 2021
NewsLiveNation
No Result
View All Result
  • Login
  • Contact us
  • Business
  • Health
  • Lifestyle
    • Travel
  • News
    Coronavirus variants detected via covid-19 tests, labs suggest

    Coronavirus Variants Detected via Covid-19 Tests, Labs Suggest

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Entertainment
    • National
    • Politics
    • World
  • Opinion
  • Science
  • Tech
  • Contact us
  • Business
  • Health
  • Lifestyle
    • Travel
  • News
    Coronavirus variants detected via covid-19 tests, labs suggest

    Coronavirus Variants Detected via Covid-19 Tests, Labs Suggest

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Entertainment
    • National
    • Politics
    • World
  • Opinion
  • Science
  • Tech
No Result
View All Result
Morning News
No Result
View All Result
Home Economy

Indian Economy To See Record Contraction In 2020-21 Before Sharp Recovery: S&P

newslivenation by newslivenation
September 25, 2020
in Economy
0
Indian Economy To See Record Contraction In 2020-21 Before Sharp Recovery: S&P
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Indian Economy To See Record Contraction In 2020-21 Before Sharp Recovery: S&P

The Indian economic system will expertise a file contraction within the fiscal yr to March 2021 on account of the worldwide COVID-19 pandemic however actual GDP will recuperate considerably in FY22, score company Standard and Poor’s stated on Friday.

S&P affirmed its score on India’s long-term overseas and native foreign money sovereign credit score on the lowest investment-grade stage and retained its secure outlook on the economic system.

India’s long-term score was affirmed at ‘BBB-‘ with a secure outlook whereas the short-term score was held at ‘A-3’.

“The stable outlook reflects our expectation that India’s economy will recover following the resolution of the COVID-19 pandemic, and that the country’s strong external settings will act as a buffer against financial strains despite elevated government funding needs over the next 24 months,” S&P stated.

India has the second highest virus circumstances globally regardless of seeing one of many strictest of lockdowns and circumstances are nonetheless rising because the economic system progressively opens up.

“We expect economic activity in India to begin to normalize in fiscal 2022, resulting in real GDP growth of about 10 per cent.”

The authorities’s direct fiscal assist has been restricted to 1.2 per cent of GDP to date in comparison with roughly Three per cent of GDP on common in different rising market economies.

S&P famous that the federal government’s reluctance to offer higher direct fiscal assist to the economic system doubtless displays pre-existing fiscal constraints owing to years of excessive fiscal deficits.

“Although additional stimulus may help to avert a steeper downturn this year, it would also further strain the government’s weak finances,” it stated.

“This increasingly tenuous balance may challenge India’s capacity to maintain sustainable public finances and balanced economic growth, if the recovery is slower than we anticipate.”

The nation’s fiscal deficit is prone to rise to about 12.5 per cent of GDP this yr, largely pushed by a lot weaker income era and the federal government’s internet indebtedness is about to exceed 90 per cent of GDP this yr in comparison with simply over 70 per cent in fiscal 2020, S&P stated.

[ad_2]

Source hyperlink

READ ALSO

FIR lodged against Franklin

Government To Study Vodafone Arbitration Case Award

Tags: economic growthindian economy

Related Posts

FIR lodged against Franklin
Economy

FIR lodged against Franklin

September 25, 2020
Government To Study Vodafone Arbitration Case Award
Economy

Government To Study Vodafone Arbitration Case Award

September 25, 2020
S&P 500, Dow extend longest losing spree in a year as coronavirus cases top 7 mn
Economy

S&P 500, Dow extend longest losing spree in a year as coronavirus cases top 7 mn

September 25, 2020
Harley Close To Deal With Hero After Stopping Local Manufacturing: Report
Economy

Harley Close To Deal With Hero After Stopping Local Manufacturing: Report

September 25, 2020
Markets recoup losses, climb over 2% on hopes of govt measures
Economy

Markets recoup losses, climb over 2% on hopes of govt measures

September 25, 2020
Government Plans $4.6 Billion In Incentives For Battery Makers In Electric Vehicle Push: Report
Economy

Government Plans $4.6 Billion In Incentives For Battery Makers In Electric Vehicle Push: Report

September 25, 2020
Next Post
Naqli Gandhis Ordered Protest In Front Of Gandhi Statue: Minister Prahlad Joshi

Naqli Gandhis Ordered Protest In Front Of Gandhi Statue: Minister Prahlad Joshi

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

iPhone 12 Pro and Pro Max colors: all the available colors and which color should you get?

iPhone 12 Pro and Pro Max colors: all the available colors and which color should you get?

November 24, 2020
Ampere Electric Appoints Thiruppathy Srinivasan As CTO And Head of Manufacturing

Ampere Electric Appoints Thiruppathy Srinivasan As CTO And Head of Manufacturing

December 8, 2020
Pakistani court convicts 3 LeT and JuD leaders, including Hafiz Saeed’s brother-in-law

Pakistani court convicts 3 LeT and JuD leaders, including Hafiz Saeed’s brother-in-law

August 29, 2020
Apple M1 tested: Performance benchmarks and thermal throttling, explained

Apple M1 tested: Performance benchmarks and thermal throttling, explained

December 17, 2020
Apple Cardio fitness levels, Apple Watch, how to set up cardio fitness levels on Apple Watch, Apple Watch, what is cardio fitness, Cardiorespiratory fitness

Apple Watch now measures cardio fitness – here’s how to set up the feature

December 16, 2020

EDITOR'S PICK

Government Extends Validity Of Motor Vehicle Documents Till December 31 – carandbike

Government Extends Validity Of Motor Vehicle Documents Till December 31 – carandbike

August 24, 2020
EA Access, Origin Access Will Now Be Known as EA Play

EA Access, Origin Access Will Now Be Known as EA Play

August 17, 2020
Mystery solved: This indicator had warned about stock market fall

Mystery solved: This indicator had warned about stock market fall

September 4, 2020
AIIMS की नर्सों की हड़ताल अन्य संगठनों का समर्थन, 5000 नर्सें कर रही हैं आंदोलन

AIIMS की नर्सों की हड़ताल अन्य संगठनों का समर्थन, 5000 नर्सें कर रही हैं आंदोलन

December 15, 2020

About

newslivenation.in


newslivenation.in is an open platform for people who loves to read and write. You can gather information or share your views in your words here. We will always be happy to provide the most recent facts, technological news etc. Happy reading!

Follow us

AutoMobile

how to wash a car: Complete Beginners guide

February 16, 2021
News

Coronavirus Variants Detected via Covid-19 Tests, Labs Suggest

February 13, 2021
Uncategorized

Google Launches Paid-for News Platform in Australia

February 5, 2021

how to wash a car: Complete Beginners guide

  • Contact us
  • Privacy Policy
  • Sitemap
  • Disclaimer

News Live Nation © 2021 - All Right Reserved.

No Result
View All Result
  • Homepages
    • Home Page 1
  • News
  • Politics
  • National
  • Business
  • World
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Opinion
  • Science
  • Tech
  • Travel

News Live Nation © 2021 - All Right Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In