{"id":86179,"date":"2019-08-02T16:44:32","date_gmt":"2019-08-02T11:14:32","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=8722"},"modified":"2019-08-02T16:44:32","modified_gmt":"2019-08-02T11:14:32","slug":"crisil-cuts-fy20-gdp-growth-forecast-to-6-9-from-7-1","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/crisil-cuts-fy20-gdp-growth-forecast-to-6-9-from-7-1\/","title":{"rendered":"Crisil cuts FY20 GDP growth forecast to 6.9% from 7.1%"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>Credit rating agency Crisil has cut the gross domestic product(GDP) estimate for India to 6.9% from 7.1% in 2019-20.<\/li><li>Crisil has said that revision in growth forecast was due to inadequate monsoon,slowing global growth and sluggish high-frequency data for the first quarter.<\/li><li>However,the report said that the second half should find support from expected monetary easing,consumption and statistical low-base effect.<\/li><li>The report noted that India&#8217;s GDP had grown at an impressive 8.2% in fiscal 2017.But it was derailed by disruptions stemming from policy initiatives,reforms and rising global uncertainty including from trade disputes.<\/li><li>Further,agricultural growth is also expected to improve with a pick-up in food inflation.In addition,farmers would benefit from income transfer of \u20b96,000 per year announced by the Centre and farm loan waivers in a few states.<\/li><li>The report also said that the banking sector stressed assets are expected to come down to about 8% by the end of financial year 2019-20 based on lower additional NPAs and increased recoveries.<\/li><li>The report also expects corporate sector growth to slow to 8% in 2019-20 lower than the double-digit growth trend of the last two financial years.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Credit rating agency Crisil has cut the gross domestic product(GDP) estimate for India to 6.9% from 7.1% in 2019-20. Crisil has said that revision in growth forecast was due to inadequate monsoon,slowing global growth and sluggish high-frequency data for the first quarter. However,the report said that the second half should find support from expected monetary&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/crisil-cuts-fy20-gdp-growth-forecast-to-6-9-from-7-1\/\">Continue reading <span class=\"screen-reader-text\">Crisil cuts FY20 GDP growth forecast to 6.9% from 7.1%<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3232,3491],"class_list":["post-86179","post","type-post","status-publish","format-standard","hentry","category-economy","tag-crisil","tag-gdp-forecast","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704809449},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86179"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86179\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}