Fitch Current Affairs, GK & News
Fitch Solutions lowers India’s GDP growth to 4.9 per cent in FY20
Fitch Solutions recently lowered its forecast for India’s economic growth to 4.9 per cent in the current fiscal FY 20. The main reason for the cut in rate was weak domestic demand and supply chain interruptions due to the coronavirus outbreak and a resulting dip in manufacturing. However, the GDP growth in in 2020-21 will recover to 5.4 ..
Topics: Coronavirus • Fitch • GDP growth
India’s Economic Growth
Projections by the IMF As per the latest projections made available by the International Monetary Fund (IMF), it has cut India?s growth forecast for 2019-20 to 7%. In its earlier forecast made available in April, it had reduced India’s growth projection to 7.3% on poor demand conditions. The IMF?s World Economic Outlook had also cut ..
Topics: Fitch • GDP growth • IMF • Indian Economy • World Bank
Fitch raises India's GDP forecast to 7.8% from 7.4% for FY19
Fitch Ratings in its Global Economic Outlook has revised up India’s growth forecast for current fiscal year (2018-19) to 7.8% from 7.4% projected earlier. However it has flagged tightening of financial conditions, weak bank balance sheets and rising oil bill as headwinds to growth. Key Highlights Growth Projections: Fitch’s upward revision in growth forecast comes ..
Month: Current Affairs - September, 2018
Topics: Business • Economy • Fitch • GDP forecast • India
Fitch retains India's sovereign rating at 'BBB-' with 'stable' outlook
Global credit rating agency Fitch has kept India’s sovereign rating unchanged at ‘BBB-‘ with stable outlook. This rating is at junk bond or lowest investment grade with stable outlook. A rating upgrade changes profile of country and makes it attractive to investors. In 2017, Moody’s had upgraded India’s rating (to Baa2 from Baa3) after gap ..
Month: Current Affairs - April, 2018
Topics: BBB • Business • Economy • Fitch • Sovereign Credit Rating • Stable Outlook