Fitch Ratings has slashed India’s GDP growth forecast for the fiscal FY 2022-2023 to 8.5 per cent in its Global economic Outlook-March 2022. Earlier this rate was estimated at 10.3%. The downwards projection is due to sharply higher energy prices because of the ongoing Russia-Ukraine war. The Rating agency Fitch has revised upwards the GDP growth forecast for the current fiscal FY 2021-2022, by 0.6 percentage points to 8.7 percent.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
With the Omicron wave subsiding quickly, containment measures have been scaled back, setting the stage for a pick-up in GDP growth momentum in the June quarter this year.
ICICI Prudential Pension Fund has launched the Swasthya Pension Scheme under the PFRDA sandbox framework…
In a major global trade development, US President Donald Trump has signed an executive order…
In a major step towards a fully digital tolling ecosystem, the Government of India has…
International Mother Language Day 2026 will be observed on 21 February to promote linguistic and…
Renowned Bengali author Mani Shankar Mukhopadhyay, popularly known as Shankar, passed away at the age…