Categories: Economy

Fitch Ratings Affirms India’s Sovereign Rating at ‘BBB-‘

Rating agency Fitch Ratings has kept the sovereign rating of India unchanged at ‘BBB-‘ with a negative outlook. Earlier, Fitch had estimated GDP contraction of 7.5 per cent in 2020-21 and growth of 12.8 per cent in the fiscal year FY22, followed by 5.8 per cent in FY23.

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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.