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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.