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Economy

S&P cuts India GDP growth forecast for FY21 to 5.2%

Updated : March 23, 2020 04:02 PM IST

Key policy interest rates are projected to fall to 4.25 percent in 2020-21 from current 5.15 percent but would rise to 4.5 percent in the 2021-21 financial year.
The rating agency said the measures to contain COVID-19 have pushed the global economy into recession and could cause a surge of defaults among nonfinancial corporate borrowers.
S&P cuts India GDP growth forecast for FY21 to 5.2%

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