Good Days for the Indian Economy

Spread the love

Recently, the US Congressional Independent Research Center, in its latest report on the global economic effects of Coronavirus, said that almost all major economies are at a disadvantage due to the corona virus outbreak, but only three countries seem to be riding high. The growth rates of India, China and Indonesia are expected to be positive in 2020.

International agencies showed confidence in India

Indian economy will remain strong even in the midst of economic recession

There will be a tremendous increase in GDP next year

Due to Corona virus epidemic and lockdown, there is talk of economic crisis all over the world. For the last five months, various organizations and agencies have been talking about the profits and losses of India’s economy. But in the meantime, there have been two good news in terms of our growth rate. Two international agencies are expressing their trust in India.

What do international agencies say?

The international agency S&P has described the current phase of India’s economy as BBB- / A-3, stating that the outlook is stable. According to the agency, India’s monetary setting is on the rise and real growth rate is above average. Similarly, according to another international rating agency, Fitch, India’s growth rate could be 9.5 in the next year i.e. 2021-22. This is good news for the Indian economy.

American report has also shown confidence in India

Recently, the independent research center of the US Congress said in its latest report about the global economic effects of Kovid-19, ‘Foreign investors pulled out about $ 26 billion from developing Asian economies and more than $ 16 billion from India. ‘ According to the report of the research center, almost all major economies are at a disadvantage due to the corona virus outbreak, but only three countries India, China and Indonesia are estimated to have positive growth rates in 2020.

According to Fitch, according to Fitch, the country’s GDP growth rate is expected to be back on track after this global epidemic crisis. It can reach back to a higher level. It is expected to grow at a 9.5 percent rate next year. This will be more than the ‘BBB’ category.

Leave a Reply

Your email address will not be published. Required fields are marked *