BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.50%
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7.10%
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7.60%
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7.40%
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Detailed explanation-1: -India is somewhat insulated from the gloomy global outlook in 2023, given its modest reliance on external demand. Nevertheless, we expect declining exports, moderating consumption and higher interest rates to slow growth to 6.2% in FY24 (BBB median: 2.0%).
Detailed explanation-2: -Fitch Ratings has retained India’s GDP growth forecast at seven per cent for 2022-23. However, GDP growth projection for 2023-24 and 2024-25 has been revised downwards to 6.2 per cent and 6.9 per cent, respectively.
Detailed explanation-3: -Fitch Affirms India at ‘BBB-’; Outlook Stable. Fitch Ratings-Hong Kong-20 Dec 2022: Fitch Ratings has affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary.
Detailed explanation-4: -Fitch Ratings on Tuesday maintained its sovereign rating for India at the lowest investment grade of “BBB-” with a “stable” outlook.