 "covid-19, Indian economy")
S&P Global Ratings on Friday slashed India growth forecast for the current fiscal to 1.8 per cent, from 3.5 per cent estimated earlier, on account of the lockdown to contain Covid-19 pandemic.
The US-based rating agency expects growth to significantly recover to 7.5 per cent in 2021-22 fiscal.
S&P had in March cut India growth forecast to 3.5 per cent for 2020-21 fiscal, from 5.2 per cent projected earlier.
"We assume that the first-wave of community transmission peaked in March in China and will peak in April for most other economies in the region. In some emerging markets, including India
