S&P further slashes India's growth forecast to 3.5% from 5.2% for FY21

The latest downgrade came as part of the global ratings agency’s report on deteriorating credit conditions in the Asia-Pacific region. It cited declining credit quality due to rising defaults resulting from a demand slump as the Covid-19 outbreak persisted in many countries.

from Economy-News-Economic Times https://ift.tt/2xBOky8