 "cash, share, growth, stock, profit, loss, funding, acquisition, sponsor, money, payment")
The Indian economy will experience a record contraction in the fiscal year to March 2021 on account of the global Covid-19 pandemic but real GDP will recover significantly in FY22, rating agency Standard and Poor's said on Friday.
S&P affirmed its rating on India's long-term foreign and local currency sovereign credit at the lowest investment-grade level and retained its stable outlook on the economy.
India's long-term rating was affirmed at 'BBB-' with a stable outlook while the short-term rating was held at 'A-3'.
"The stable outlook reflects our expectation that India's economy will recover following the resolution of the Covid-19 pandemic, and that
