Chennai: India’s gross domestic product (GDP) growth for financial year 2020 (FY20) will be marginally down to 7.3 per cent from the previous forecast of 7.5 per cent, a ratings and analytics agency has said.
India Ratings and Research (Fitch Group) in its recent report has stated that the loss of momentum in the industrial output growth, expected lower-than-normal monsoon for the year and continued agrarian distress, are reasons for it.
The slow progress on cases referred to the National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016, that has led to the resolution of the non-performing assets of […]
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