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.
Ethanol emerged as largest ethanol feedstock for the first time in ethanol program of the…
Uber is partnering with the Adani Group to build its first data centre in the…
The BRICS Foreign Ministers Meeting begins on 14th May, 2026 in the New Delhi. It…
Indian FinTech company FinBox has launched the Atlas which is an AI-native lending infrastructure platform…
The State government of Assam has approved the Uniform Civil Code (UCC) Bill. Along side…
The Reserve Bank of India (RBI) has cancelled the license of Sarvodaya Co-operative Bank Ltd.…