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Fitch Ratings projects India GDP growth for FY22 at 10%

Sumit Arora Published On July 8th, 2021 Leave a comment

Fitch Ratings has revised its GDP growth projection for India in 2021-22 (FY22) to 10%. Earlier it has projected the same at 12.8%. The reason for this cut is the slow recovery post-second wave of COVID-19.

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Fitch believes that rapid vaccination could support a sustainable revival in business and consumer confidence; however, without it, economic recovery would remain vulnerable to further waves and lockdowns.

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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.