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What is the Gross Domestic Product(GDP) growth of India for the FY20(Fiscal Year 2020) as per CRISIL (formerly Credit Rating Information Services of India Limited) ?
  • a)
    6.3%
  • b)
    6.5%
  • c)
    6.7%
  • d)
    6.9%
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What is the Gross Domestic Product(GDP) growth of India for the FY20(F...
On September 4, 2019, Indian credit rating agency CRISIL (formerly Credit Rating Information Services of India Limited) has reduced the India’s GDP (Gross Domestic Product) growth to 6.3% for FY20 (Fiscal Year 2020) from its previous estimate of 6.9%. The lower GDP growth forecast states about the India’s deep economic slowdown and is broad-based than suspected.
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