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Fitch forecasts India’s GDP growth at 5.6% for Financial Year 2021

Sumit Arora Published On February 6th, 2020 Leave a comment

Fitch Ratings has estimated India’s GDP growth of 5.6% in the next FY21 in its India Economic Outlook. This forecast is lower than the projection made by the government’s Economic Survey. For the current fiscal 2019-20 (FY 20), GDP is projected at 4.6%. Fitch has also estimated that in the fiscal year 2022, government debt will remain 70% of total GDP.

Important takeaways for all competitive exams:

CEO of Fitch Ratings: Paul Taylor.
President of Fitch Ratings: Ian Linnell.
Headquarters of Fitch Ratings: New York, USA.

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Sumit Arora

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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.