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I’m studying and need help with a English question to help me learn.
1- I need to write a precis of the paragraph attached.
2- There is another file related to reading comprehension. The word limit is not defined for the answers. There are 4 questions.Make a precis of the following passage in 220 words, and give it a suitable title: (40 Marks) With the macroeconomic environment improving and some green shoots becoming visible in the economy, the possibility of ratings upgrades for some sectors has increased. But the ratings industry has come under the regulator’s scanner for failing to anticipate some defaults. We expect a further expansion of about 50 bps (basis points) in GVA (gross value added) growth this fiscal year. This is primarily based on the expectation of continued strength in consumption demand with urban consumer demand further enhanced by pay revision of government employees and a pickup in rural demand, boosted by a better monsoon. While pay revision and a favourable monsoon would exert counteracting forces on inflation, the outlook nevertheless remains relatively moderate, suggesting a continued possibility of further rate cuts. Additionally, improved transmission should engender a softening bias to interest rates that would also support consumption growth.
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