Fitch cuts India’s GDP growth forecast to 8% from 9.5% for FY22, in its June update of Global Economic Outlook report. Fitch retained its projection…
View More Fitch cuts India’s GDP growth forecast to 8% from 9.5% for FY22
Category: Economy
IMF predicts Indian economy to contract by 4.5% in FY21
The International Monetary Fund has projected that Indian economy will experience a sharp contraction of 4.55% in Fiscal Year 2021, as compared to that of…
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Karnataka Bank rolls out KBL Micro Mitra for Micro entrepreneurs
The Karnataka Bank has rolled out a new product titled “KBL Micro Mitra” for the Micro entrepreneurs. Under the newly launched product, the Micro manufacturing…
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Moody’s forecasts India’s GDP to shrink 3.1% in 2020
Moody’s Investors Service has released its June update to Global Macro Outlook (2020-21). In its latest release, the rating agency projected the Indian economy to…
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GoI brings all cooperative banks under supervision of RBI
Government of India will bring an ordinance to bring all cooperative banks under the Reserve Bank of India supervision. Now 1,482 urban cooperative banks and 58 multi-state…
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ADB forecasts Indian economy to contract 4% in FY21
The Asian Development Bank has projected Indian economy to contract by 4% in Fiscal Year 2021. Indian economy has been projected to contract, as businesses…
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Fitch Ratings retains India’s sovereign rating at “BBB-“
Fitch Ratings has retained India’s sovereign rating at the lowest investment grade of “BBB-“, while the rating agency has revised downward its rating outlook for…
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