Fitch Ratings retains India's growth outlook at 7% for current fiscal

New Delhi, Dec 6 (IANS): Fitch Ratings has retained the economic growth forecast for India at 7 per cent for the current fiscal in its global economic outlook.

The rating agency on Tuesday observed that India is likely to emerge as among the fastest growing emerging markets in the current fiscal.

At the same time though, the agency has slashed the growth projections for the next two fiscals, observing that while the Indian economy is insulated from global shocks, it is not immune to global developments.

In its December edition of the Global Economic Outlook, Fitch projected India's GDP to grow at 7 per cent in the current fiscal but added that it could slow down to 6.2 per cent in 2023-24 and 6.9 per cent in 2024-25.

In September, Fitch had projected 7 per cent growth for the current fiscal, followed by 6.7 per cent in 2023-24 and 7.1 per cent growth in 2024-25.



Top Stories

Leave a Comment

Title: Fitch Ratings retains India's growth outlook at 7% for current fiscal

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.