Fitch slashed India’s growth projection
Global rating agency Fitch has scaled down its projections on India’s growth to 4.8% for the current fiscal from the earlier estimate of 5.7% made in June, 2013.
Why did Fitch scaled down India’s growth prospects?
The following are the key reasons behind the cut in growth projections:
- Weak Indian currency against dollar
- Expanding Current Account Deficit (CAD) on account of rising crude prices and falling rupee
- Weak demand
Month: Current Affairs - September, 2013
Topics: Current Affairs 2013 • Economy • IBPS
Latest E-Books
|
Current Affairs MCQs PDF - March, 2021 |
₹150.00 | |
|
|
Current Affairs [PDF] - March 16-31, 2021 |
₹100.00 | |
|
|
Current Affairs [PDF] - March 1-15, 2021 |
₹100.00 | |
| View All E-Books: Recent Release | |||
Comments