S&P Cuts India's Growth Forecast to 9.5% For Current Financial Year | Read

PUBLISHED ON: June 24, 2021 | Duration: 0 min, 30 sec

  
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S&P Global Ratings on Thursday cut India's growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from further waves of COVID pandemic. The agency lowered the growth outlook saying that a severe second COVID-19 outbreak in April and May led to lockdowns imposed by states and sharp contraction in economic activity.
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