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Are forecasters predicting a V-shaped rebound for the Indian economy?

Standard & Poor’s sees consumption driving the recovery

June 11, 2020 / 09:23 AM IST
Are forecasters predicting a V-shaped rebound for the Indian economy?

Manas Chakravarty Rating agency Standard & Poor’s has kept India’s sovereign rating unchanged at the lowest investment grade, with a stable outlook. It forecasts that India’s real Gross Domestic Product will shrink 5 percent in the current fiscal year and will grow by 8.5 percent in 2021-22. Most economic forecasters predict a sharp rebound next fiscal. For instance, Moody’s, which downgraded India’s sovereign rating a few days back to the lowest investment grade with a negative outlook, had forecast GDP to...

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