Q. What is the India's GDP forecast for FY 17, as per Global rating agency Fitch?
Answer: 7.1%
Notes: The Global rating agency Fitch has forecasted India’s GDP growth for FY 17 to 7.1% and for both FY 2017-18 and FY 2018-19 to 7.7%. Fitch stated that the December quarter GDP number suggests that economic activity was hardly hit by the cash crunch after the government's move to remove 86% of currency in circulation overnight. It expects the policy interest rate to stay at its current level of 6.25%. Fitch projection of growth for this fiscal is in line with the estimates of global think-tank Organisation for Economic Co-operation and Development (OECD).
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