S&P cuts India’s GDP Growth Forecast to 9.8% for FY22
S&P Global Ratings has downgraded India’s growth rate forecast to 9.8 percent for the financial year 2021-22 (FY22). due to COVID-19’s 2nd wave and lockdowns in India.
- prior to this, S&P predicted 11 percent for the financial year 2021-22 (FY22).
About S&P Global Ratings –
Headquarters: New York, United States
Founder: Henry Varnum Poor