The Indian economy is expected to recover faster than expected and the Reserve Bank has likely reached the end of the rate easing cycle, according to global forecasting firm Oxford Economics. Furthermore, he said that inflation is expected to average significantly above 6 percent in the fourth quarter of the …
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Markets ended 2.5% lower on Thursday, breaking a 10-day rally, with the S&P BSE Sensex falling 1,066 points to end the day at 39,728 levels. On the other hand, the Nifty50 index lost 291 points to settle at 11,680 levels. Also, the weakness of global markets due to renewed restrictions …
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New Delhi: Rating agency Moody’s on Friday projected an 11.5% contraction in India’s economic growth in the current fiscal year due to the coronavirus pandemic, from (-) 4% previously estimated. “India’s credit profile is increasingly constrained by low growth, high debt burden and a weak financial system,” Moody’s said. Indian …
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[ad_1] Moody’s Investors Service on Friday projected India’s growth at zero percent for the current tax and said the negative outlook on the sovereign rating reflects growing risks that GDP growth will continue to be significantly lower than in the past. The forecast also partly shows weaker political effectiveness in …
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[ad_1] NEW DELHI: Moody’s Investor Service warned on Friday that India’s sovereign rating could be downgraded if its fiscal metrics weaken materially. This follows a similar warning from Fitch Ratings. “This would likely happen in the context of a protracted or deep slowdown in growth, with only limited prospects that …
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