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S&P Global Ratings predicted that Indian economy will shrink how much pecent in FY21 and the fiscal stimulus worth 1.2 percent of GDP will not be enough to provide significant growth support?

Answer» S&P Global Ratings predicted that Indian economy will shrink 5% in FY21 and the fiscal stimulus worth 1.2 percent of GDP will not be enough to provide significant growth support. In a report on emerging markets titled 'Financial Conditions Reflect Optimism, Lockdown Fatigue Emerges" highlighted that the services sectors have been severely affected.


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