Category: Arthanomics

This week #Arthanomics brings to you the outlook of #creditratingagencies on the #indianeconomy. Moody’s has downgraded India’s #sovereignrating from Baa3 to Baa2 on account of deterioration of general government fiscal position and distress in the financial sector. Fitch expects 9.5% growth in the next #fiscalyear with an external resilience because of strong #FOREX buffer provided #financialsector health does not deteriorate. S&P maintained BBB- for long term and A3…

In this week’s #Arthanomics post we analyse Q4 #GDP numbers for #FY20. Q4 GDP growth reduced to 3.1% continuing the declining trend which began in #FY19. 4.2% annual growth in FY20 was the lowest in 11 years and gross #tax#revenue fell to 3.4% of GDP and #FiscalDeficit widened to 4.6% of the GDP. #GFCF contracted…