New Delhi: The Indian economy hit by Corona has suffered another setback. S&P Global Ratings has reduced India’s global economic growth forecast to 5.2 per cent in 2020, saying the global economy is entering a recession amid the growing threat of the corona virus. Earlier, the agency had projected growth of 5.7 percent in India in 2020.
S&P said in a statement, ‘the world is entering a recession’. Sean Roshe, head economist for Asia Pacific in S&P Global Ratings, said a major setback in China in the first quarter, shutdowns in the US and Europe and corona virus infection would cause a major slowdown in the Asia-Pacific.
S&P said, ‘We will reduce the growth forecast in 2020 in China, India and Japan to 2.9 percent, 5.2 percent and -1.2 percent tax (earlier 4.8 percent, 5.7 percent, and -0.4 percent respectively). Have been. ‘A slight spurt was observed.
