India's Economy In ‘Deep Trouble’, To Contract 5% This Fiscal Before Rebounding In 2021: S&P

<strong>New Delhi: </strong>Two weeks ago, S&P affirmed its ratings on India’s long-term foreign and local currency sovereign credit at the lowest investment grade and maintained a stable outlook and on Friday it said India’s economy is in deep trouble with growth expected to contract by 5 percent this fiscal. “India’s economy

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