CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
S & P Global Ratings slashed India’s GDP growth forecast for the country to 3.5% from a previous downgrade of 5.2%. Where is headquaters of S & P Global Ratings?
A
New York City
B
Berlin
C
Paris
D
London
Explanation: 

Detailed explanation-1: -Pegging India’s gross domestic product (GDP) growth at seven per cent for 2022 and six per cent for 2023, global credit rating agency S&P Global Ratings said the forecast has been lowered by 0.5 per cent for next two fiscal years.

Detailed explanation-2: -India’s output will expand 7 per cent in the fiscal year 2022-2023 (ending in March 2023) and 6 per cent in the next fiscal year, by our estimates, ” S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said. India’s economy grew 8.7 per cent in 2021, S&P said.

Detailed explanation-3: -Standard & Poor’s credit rating for India stands at BBB- with stable outlook.

Detailed explanation-4: -India’s output will expand 7 per cent in fiscal year 2022-2023 and 6 per cent in next fiscal year, ” S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said. The Indian economy grew 8.5 per cent in 2021.

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