Q. What is the India's real GDP growth forecast for FY 18, according to latest rating review by Fitch Ratings?
Answer: 7.7%
Notes: According to the latest rating review by the Global rating agency Fitch Ratings has forecast India’s real gross domestic product (GDP) growth to accelerate to 7.7% in both FY17 and FY18, from 7.1% in FY16. It expects structural reforms to increase growth, along with higher real disposable income supported by implementation of the 7th pay commission recommendations and an average monsoon. Beside this, The agency kept India's sovereign rating unchanged at 'BBB-', which is the lowest investment grade. It has also retained “stable” outlook for the India’s ratings. The ratings agency has also indicated that its India's sovereign ratings balance a strong medium-term growth outlook and favourable external balances with a weak fiscal position and difficult business environment.
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