简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Heading into 2021, the prospects for a continued upswing in the domestic currency appear upbeat, as India’s economy is set to recover from damage caused by the pandemic. The INR bulls remain hopeful the Finance Ministry’s USD 260 billion fiscal stimulus package would help revive the economy.
Heading into 2021, the prospects for a continued upswing in the domestic currency appear upbeat, as India‘s economy is set to recover from damage caused by the pandemic. The INR bulls remain hopeful the Finance Ministry’s USD260 billion fiscal stimulus package would help revive the economy.
S&P Global Ratings upgraded India's FY21 Gross Domestic Product (GDP) growth forecast to -7.7% vs. the previous estimate of -9%. For the next fiscal year, the US-based ratings agency projected a 10% economic growth rebound. The upward revision comes on the heels of a faster-than-expected recovery, improving domestic consumption and falling covid rates amid availability of the coronavirus vaccine.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.