Categories: Economy

Fitch cuts India’s GDP growth forecast to 8% from 9.5% for FY22

Fitch cuts India’s GDP growth forecast to 8% from 9.5% for FY22, in its June update of Global Economic Outlook report. Fitch retained its projection of Indian economy contracting by 5 per cent in the current fiscal. Meanwhile, Fitch projected the Indian economy to grow 5.5 per cent in 2022-23.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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