Fitch Cuts India’s Growth Forecast To 7.2% In FY19

Fitch Ratings revised downwards India’s GDP growth forecast to 7.2% for current fiscal citing higher financing cost and reduced credit availability.

In its Global Economic Outlook, Fitch projected that for 2019-20 and 2020-21 financial years, India’s GDP growth will be 7% and 7.1% respectively. Fitch had in June projected India to grow at 7.4% in current fiscal and 7.5% in 2019-20.

Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:

  • Fitch Ratings Headquarters: New York.

Source: The Business Standard

Find More Economy News Here

Read this News in Hindi