India Ratings and Research (Ind-Ra), a Fitch Group Company, estimated India’s GDP growth could touch 7.5 % in the financial year 2019-20 as against 7.2 % during current fiscal i.e. 2018-19.
India Ratings believes investments are slowly but steadily gaining traction with gross fixed capital formation growing 12.2 % in FY19 and projected to clock 10.3 % in FY20.
Source: The Hindu Business Line
Static/Current Takeaways Important For IBPS Clerk Mains Exam:
- Fitch Rating company Headquarter: New York, Founder: John Knowles Fitch.
