Fitch raises India’s mid-term potential growth rate to 6.2%
1 year, 1 month ago

Fitch raises India’s mid-term potential growth rate to 6.2%

Live Mint  

Fitch Ratings has raised its mid-term potential growth estimate for India by 0.7 percentage points to 6.2% for 2019-2027, citing higher employment, larger working-age population and increased labour productivity expected during the period. “In India’s case, potential growth has increased by 0.7 percentage points to 6.2% given an improvement in the employment rate and a modest increase in the working-age population forecast. The agency added that the latest estimates remained below its pre-pandemic potential growth projections for all the 10 EMs except Brazil and Poland, partly reflecting a widespread deterioration in EM10 demographic trends over time. Fitch added that the latest estimates remained below its pre-pandemic potential growth projections for all 10 emerging markets, other than Brazil and Poland, which were reflective of widespread deterioration in the demographic trends over time.

India Poland Growth China Labour South Africa Potential Indonesia Mexico Brazil Rate Gdp Agency Estimates Turkiye Potential Growth  rate  raises  labour  fitch  gdp  growth  south  indias  mexico  potential  62  india  estimates  agency  midterm

History of this topic

India FY25 GDP: Fitch slashes India’s growth forecast to 6.4% from 7% for 2025-26
1 week, 3 days ago

India FY25 GDP: Fitch slashes India’s growth forecast to 6.4% from 7% for 2025-26

Live Mint  

India's growth forecast: US-based credit rating agency, Fitch Ratings on Friday revised India's GDP forecast to 6.4 per cent to 7 per cent for FY25. This cut comes after the Reserve Bank of India, in its recent monetary policy committee, revised India's growth forecast to 6.6 per cent from 7.2 per cent. In the July-September quarter of FY25, the Indian …

India's Q2 GDP growth slows to 5.4 per cent, hits 18-month low
3 weeks, 4 days ago

India's Q2 GDP growth slows to 5.4 per cent, hits 18-month low

India TV News  

In a significant development, India's economic growth decelerated to 5.4% in the July-September quarter of the current fiscal year, marking its slowest pace in nearly two years. Despite the slowdown, India retained its position as the fastest-growing major economy, surpassing China's 4.6% GDP growth in the same quarter. Key sectoral insights According to data from the National Statistical Office, the …

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data
3 weeks, 4 days ago

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data

Hindustan Times  

India's Gross Domestic Product growth slowed down to 5.4% during the second quarter of the financial year 2024-25 due to the falling growth rate in manufacturing, consumption, and mining. India's GDP growth slows to 5.4% in Q2 2024-25, govt data shows In comparison, the GDP growth rate was 8.1% in the second quarter of 2023-24, according to government data released …

IMF Sees India's Economic Growth and Outlook as Stable
2 months ago

IMF Sees India's Economic Growth and Outlook as Stable

New Indian Express  

India remains the world's fastest-growing economy, with inflation expected to decline to 4.4% in FY24-25. IMF Director Krishna Srinivasan highlights the country's strong macroeconomic fundamentals, including a large and growing population, favourable harvests, and a stable fiscal situation. Srinivasan suggests that the country focus on creating jobs, removing trade restrictions, and investing in infrastructure and education to strengthen its economy …

Moody's Raises India's GDP Growth Forecast to 7.2% Vs 6.8% Earlier, Fitch Affirms Rating
3 months, 3 weeks ago

Moody's Raises India's GDP Growth Forecast to 7.2% Vs 6.8% Earlier, Fitch Affirms Rating

News 18  

Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while Fitch affirmed the country’s sovereign credit rating, the agencies said in separate releases on Thursday. “These forecast changes assume strong broad-based growth and we recognize potentially higher forecasts if the cyclical momentum, especially for private consumption, gains more traction,” Moody’s said. “Nevertheless, 6%-7% growth …

Indian economy's outlook bright, FY25 growth expected at 6.5-7%: Economic Survey
5 months ago

Indian economy's outlook bright, FY25 growth expected at 6.5-7%: Economic Survey

India Today  

The Economic Survey 2023-24 that was released by the Ministry of Finance on Monday projected a real GDP growth of 6.5-7% for the financial year 2024-25. "The Survey conservatively projects a real GDP growth of 6.5–7 per cent, with risks evenly balanced, cognisant of the fact that the market expectations are on the higher side," said the Economic Survey 2023-24. …

Labour ministry rebuts Citigroup's research report on employment in India
5 months, 2 weeks ago

Labour ministry rebuts Citigroup's research report on employment in India

New Indian Express  

NEW DELHI: The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. The ministry in a statement said the report "fails to account for the comprehensive and positive employment data available from official sources such as Periodic Labour Force Survey …

Fitch Raises India's Growth Estimates for FY'25 to 7.2 pc
6 months ago

Fitch Raises India's Growth Estimates for FY'25 to 7.2 pc

Deccan Chronicle  

New Delhi: Fitch Ratings on Tuesday raised India's growth forecast for the current fiscal to 7.2 per cent, from 7 per cent projected in March, citing a recovery in consumer spending and increased investment. For the fiscal years 2025-26 and 2026-27, Fitch projected growth rates of 6.5 per cent and 6.2 per cent, respectively. "We expect the Indian economy to …

Fitch raises India's growth estimates for FY25 to 7.2%
6 months ago

Fitch raises India's growth estimates for FY25 to 7.2%

Hindustan Times  

Fitch Ratings on Tuesday raised India's growth forecast for current fiscal to 7.2 per cent, from 7 per cent projected in March, citing a recovery in consumer spending and increased investment. For the fiscal years 2025-26 and 2026-27, Fitch projected growth rates of 6.5 per cent and 6.2 per cent, respectively. "We expect the Indian economy to expand by a …

India's FY24 GDP stays strong at 8.2%, Q4 economy growth at 7.8%
6 months, 3 weeks ago

India's FY24 GDP stays strong at 8.2%, Q4 economy growth at 7.8%

Hindustan Times  

India's economy grew by 7.8% in the January-March quarter from a year earlier, compared with 8.4% growth in the previous quarter, government data showed. A file photo of Prime Minister Narendra Modi with finance minister Nirmala Sitharaman Data released by the National Statistical Office showed that the gross domestic product expanded 6.2 per cent in the January-March period of the …

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations
9 months, 3 weeks ago

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations

Hindustan Times  

Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent a year ago, government data showed on Thursday. India's GDP grows by 8.4 per cent in December quarter It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024. Earlier in the day, the …

Fitch forecasts mid-single-digit growth in India’s petroleum products demand
10 months, 1 week ago

Fitch forecasts mid-single-digit growth in India’s petroleum products demand

Live Mint  

India's demand for petroleum products is expected to increase by a mid-single-digit percentage in the financial year ending March 2024, following a 10 per cent post-pandemic recovery in 2022-23, according to Fitch Ratings, as reported by ANI. "The gradual normalisation of the crude supply mix away from Russian imports is likely to narrow GRMs, although we expect margins to stay …

India’s real GDP growth for 2023-24 estimated at 7.3%
11 months, 2 weeks ago

India’s real GDP growth for 2023-24 estimated at 7.3%

The Hindu  

India’s real GDP growth in 2023-24 is estimated at 7.3%, compared to 7.2% a year ago, as per the first advance estimates of national income released by the National Statistical Office on Friday, which reckon the economy will outperform the 7% uptick recently projected by the Reserve Bank of India. With GDP growth in the first half of this year …

Fitch retains India's FY2024 growth forecast at 6.3%, raises year-end inflation projection
1 year, 3 months ago

Fitch retains India's FY2024 growth forecast at 6.3%, raises year-end inflation projection

India TV News  

Fitch Ratings has maintained India's growth forecast for the current fiscal year at 6.3% while highlighting the country's economic resilience despite tighter monetary policies and export challenges. India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand. Fitch warned that India is not …

'GDP growth exemplifies tenacity of people amid global challenges': PM Modi lauds India's outstanding economic progress
1 year, 6 months ago

'GDP growth exemplifies tenacity of people amid global challenges': PM Modi lauds India's outstanding economic progress

Firstpost  

According to data released by the National Statistical Office, India’s economy will see an overall growth of 7.2 per cent in FY23. The country has witnessed steady growth among some of the fastest-growing economies including China and the US Lauding the Indian economy’s exceptional growth in Q4 FY23, Prime Minister Narendra Modi said that the latest figures by National Statistical …

India’s economy picks up speed amid global slowdown
1 year, 6 months ago

India’s economy picks up speed amid global slowdown

Al Jazeera  

With 6.1% quarterly growth, India remains one of the fastest growing emerging economies, especially as China’s recovery stumbles. India’s economic growth has accelerated to 6.1 percent in the January–to-March quarter, boosted by government and private capital spending even as private consumption remained sluggish, government data shows. The manufacturing sector, which for the past decade has accounted for just 17 percent …

Fitch pares India’s GDP growth forecast for this year to 6% from 6.2%
1 year, 7 months ago

Fitch pares India’s GDP growth forecast for this year to 6% from 6.2%

The Hindu  

Fitch Ratings has lowered its 2023-24 GDP growth forecast for India to 6% from 6.2%, citing headwinds from elevated inflation and interest rates along with subdued global demand, with the economy expected to rebound to 6.7% in 2024-25 as opposed to 6.9% projected earlier. While India will be one of the fastest-growing sovereigns rated by Fitch, bolstered by “resilient investment …

India's economic growth to slow down considerably this year: Economists
1 year, 8 months ago

India's economic growth to slow down considerably this year: Economists

India Today  

Top global institutions have forecast India to be the fastest-growing economy in FY24, as the country remains resilient from global shocks that have brought major economies to their heels. India’s domestic growth prospects remain robust, but economists feel that there is no escaping the cascading impact of the global economic slowdown, which could hurt various key segments of growth. The …

India 2022-23 Q3 GDP growth slows to 4.4%, past data upgraded
1 year, 9 months ago

India 2022-23 Q3 GDP growth slows to 4.4%, past data upgraded

The Hindu  

India’s GDP growth slowed to 4.4% between October to December 2022 quarter from 6.3% in the second quarter of 2022-23 as per the National Statistical Office, which retained its full year growth estimate for the economy at 7%, despite revising 2021-22 GDP rise higher to 9.1% from 8.7% earlier reckoned. “The growth momentum has carried… it is the base effect …

Ex-Niti Aayog Vice Chairman Rajiv Kumar predicts 6% growth in 2023-24, decodes India's economic trend
1 year, 10 months ago

Ex-Niti Aayog Vice Chairman Rajiv Kumar predicts 6% growth in 2023-24, decodes India's economic trend

India TV News  

Former Niti Aayog Vice Chairman Rajiv Kumar on Sunday said India is likely to clock 6 per cent growth rate next fiscal and the country can persevere with a high growth rate because of several reforms undertaken during the last eight years by the Narendra Modi government. The Reserve Bank has projected India's economic growth at 6.4 per cent for …

RBI projects economic growth at 6.4% for next fiscal
1 year, 10 months ago

RBI projects economic growth at 6.4% for next fiscal

Firstpost  

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the RBI’s internal survey says manufacturing, services and infrastructure sector firms are optimistic of the business outlook New Delhi: The Reserve Bank of India has projected India’s economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal, citing risks from geo-political …

Economic Survey: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal
1 year, 10 months ago

Economic Survey: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday tabled the economic survey 2022-23 in Parliament. The economic survey forecast India's economy to grow at 6.5 per cent in 2023-24, compared to 7 per cent this fiscal and 8.7 per cent in 2021-22. The economic survey forecast its economy will grow 6 per cent to 6.8 per cent in the next financial …

Indian GDP to grow 5.8%: UN
1 year, 10 months ago

Indian GDP to grow 5.8%: UN

Deccan Chronicle  

Chennai: As higher interest rates and a global slowdown weigh in on investment and exports, India is expected to grow at 5.8 per cent in 2023 and 6.7 per cent in 2024. Similarly, in South Asia, the economic outlook has significantly deteriorated due to high food and energy prices, monetary tightening and fiscal vulnerabilities and average GDP growth is projected …

India likely to loose its 'fastest growing economy tag' as growth took hit from weakening demand
1 year, 11 months ago

India likely to loose its 'fastest growing economy tag' as growth took hit from weakening demand

India TV News  

India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per …

India’s economic growth to slow to 7%, government forecasts
1 year, 11 months ago

India’s economic growth to slow to 7%, government forecasts

Al Jazeera  

India remains a relative ‘bright spot’ in the world economy, but weak exports are expected to hamper its growth. India’s government expects economic growth to slow in the financial year that ends on March 31 as pandemic-related distortions ease and pent-up demand for goods levels out going into 2023. “A broad-based consumption recovery, therefore, is still some distance away.” ‘Bright …

Fitch Ratings affirms India's sovereign rating at 'BBB-', with stable outlook
2 years ago

Fitch Ratings affirms India's sovereign rating at 'BBB-', with stable outlook

India TV News  

Fitch Ratings on Tuesday affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, saying the rating derives strengths from the country's robust growth outlook and still-resilient external finances. It said India's robust medium-term growth outlook is a key supporting factor for the rating. Nevertheless, risks remain given dynamics in labour force participation, the lagging rural sector recovery, and …

Fitch slashes India's GDP growth forecast to 7% for FY23; cites elevated inflation levels, higher interest rates
2 years, 3 months ago

Fitch slashes India's GDP growth forecast to 7% for FY23; cites elevated inflation levels, higher interest rates

Firstpost  

In its Global Economic Outlook September 2022, Fitch said the GDP growth of 13.5 per cent in April-June, as per official data, was below its June expectation of 18.5 per cent increase New Delhi: Fitch Ratings on Thursday slashed its projection of India’s economic growth to 7 per cent for current fiscal year, citing elevated inflation levels and higher interest …

Fitch lowers India's FY 2023 GDP growth forecast to 7% from 7.8%: Report
2 years, 3 months ago

Fitch lowers India's FY 2023 GDP growth forecast to 7% from 7.8%: Report

Hindustan Times  

Fitch expects the Indian economy to slow down and said in a statement released late on Wednesday that it would cut the country's gross domestic product growth forecast for the current fiscal year through March 2023 to 7% from 7.8%. "We expect the economy to slow given the global economic backdrop, elevated inflation and tighter monetary policy," the rating agency …

Fitch cuts India growth to 7% for 2022-23
2 years, 3 months ago

Fitch cuts India growth to 7% for 2022-23

The Hindu  

Fitch Ratings on Thursday, September 15, 2022, slashed its growth forecast for the Indian economy to 7% in 2022-23 from 7.8%, with 2023-24 growth to slow further to 6.7% from 7.4% projected before. Fitch also slashed global growth forecasts to 2.4% for 2022 from 2.9% in view of the European gas crisis, high inflation and a sharp acceleration in the …

Fitch slashes India's FY23 GDP growth forecast to 7% on slowing global economy, rising interest cost
2 years, 3 months ago

Fitch slashes India's FY23 GDP growth forecast to 7% on slowing global economy, rising interest cost

India TV News  

Fitch Ratings on Thursday slashed India's GDP growth projection for FY23 to 7 per cent, saying the economy is expected to slow against the backdrop of global economy, elevated inflation and high interest rate. We now expect the economy to grow 7 per cent in the financial year to end-March 2023 from 7.8 per cent previously, with FY24 also slowing …

India’s GDP grows at 13.5% in April-June quarter
2 years, 3 months ago

India’s GDP grows at 13.5% in April-June quarter

The Hindu  

India's Gross Domestic Product grew at 13.5% in the first quarter of 2022-23, the fastest pace in four quarters, with the Gross Value Added in the economy rising by 12.7%, as per National Statistical Office estimates released on Augsut 31. The economy’s latest growth print, aided by a pick-up in private consumption spending and capital investments, is significantly lower than …

India's GDP Grows At 13.5% During April-June 2022 Quarter; Fastest In A Year
2 years, 3 months ago

India's GDP Grows At 13.5% During April-June 2022 Quarter; Fastest In A Year

News 18  

India’s gross domestic product rose 13.5 per cent in the June 2022 quarter as compared with the 20.1 per cent growth registered in Q1 2021-22, according to the latest official data released on Wednesday. “Real GDP or gross domestic product at constant prices in Q1 2022-23 is estimated to attain a level of Rs 36.85 lakh crore, as against Rs …

Asian Development Bank pares India growth hopes to 7.2% for 2022-23
2 years, 5 months ago

Asian Development Bank pares India growth hopes to 7.2% for 2022-23

The Hindu  

The Asian Development Bank has lowered its growth forecast for India to 7.2% for 2022-23 from a 7.5% projection made in April, citing higher than anticipated inflation since April along with monetary policy tightening. In a supplement to its Asian Development Outlook report, the Bank on July 21 also moderated its growth hopes for 2023-24 to 7.8% from 8% and …

GDP grew 8.7% in 2021-22 against 6.6% in previous fiscal: Govt
2 years, 6 months ago

GDP grew 8.7% in 2021-22 against 6.6% in previous fiscal: Govt

India TV News  

Highlights Indian economy expanded by 8.7 per cent in 2021-22 against a 6.6 per cent contraction in 2020-21. The GDP grew by 4.1 per cent in the fourth quarter of 2021-22, showed govt data. India's economy grew by 4.1 per cent in the fourth quarter of 2021-22, pushing up the annual growth rate to 8.7 per cent, official data showed …

India’s GDP can grow to $40 trillion if working-age population gets employment: CII report
2 years, 8 months ago

India’s GDP can grow to $40 trillion if working-age population gets employment: CII report

The Hindu  

India’s Gross Domestic Product can grow from the current $3 trillion to $9 trillion by 2030, and $40 trillion by 2047, if the country’s working-age population — which is expected to increase by over 100 million people between 2020-30, is productively employed, according to a report by the Confederation of Indian Industry. ‘Golden period’ “The golden period of 30 years …

Fitch Cuts India's GDP Forecast To 8.5% For FY 2022-2023 On High Energy Prices
2 years, 9 months ago

Fitch Cuts India's GDP Forecast To 8.5% For FY 2022-2023 On High Energy Prices

ABP News  

New Delhi: Rating agency Fitch on Tuesday lowered India's growth forecast for the next fiscal to 8.5 per cent from 10.3 per cent citing rising energy prices on the back of Russia-Ukraine war. The agency has raised the GDP growth forecast for the current fiscal by 0.6 percentage points to 8.7 per cent. "However, we have lowered our growth forecast …

Fitch slashes FY23 India growth forecast to 8.5 from 10.3% on high energy prices
2 years, 9 months ago

Fitch slashes FY23 India growth forecast to 8.5 from 10.3% on high energy prices

Firstpost  

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, the agency said. New Delhi: Rating agency Fitch on Tuesday slashed India’s growth forecast for the next fiscal to 8.5 per cent from 10.3 per cent, citing sharply high energy prices on …

Indian economy grows 5.4% in December quarter, outpaces China
2 years, 9 months ago

Indian economy grows 5.4% in December quarter, outpaces China

India Today  

India recorded a gross domestic product growth rate of 5.4 per cent for the third quarter of the ongoing financial year 2021-2022. CORE SECTORS GROW Production of eight infrastructure sectors expanded by 3.7 per cent in January against 1.3 per cent in the same month last year on better show by coal, natural gas and cement industries, according to official …

India's GDP to grow at 9.2% in 2021-22, to surpass pre-Covid level, says govt data
2 years, 11 months ago

India's GDP to grow at 9.2% in 2021-22, to surpass pre-Covid level, says govt data

India TV News  

Highlights The Indian economy is estimated to grow at 9.2 per cent in the 2021-22 fiscal. The Indian economy is estimated to grow at 9.2 per cent in the 2021-22 fiscal, surpassing pre-Covid level in actual terms mainly on account of improved performance especially in farm, mining and manufacturing sectors. The improvement in the economy comes over a GDP contraction …

Fitch Ratings cut India's growth forecast to 8.4% for current fiscal; rupee slips 5 paise against US dollar
3 years ago

Fitch Ratings cut India's growth forecast to 8.4% for current fiscal; rupee slips 5 paise against US dollar

Firstpost  

The dollar index fell 0.22 percent to 96.16 and Brent crude futures fell 0.15 percent to USD 75.33 per barrel Mumbai: The rupee declined 5 paise to 75.49 against the US dollar in opening trade on Wednesday as persistent foreign fund outflows kept the pressure on the local unit. Fitch Ratings on Wednesday cut India’s economic growth forecast to 8.4 …

RBI retains growth forecast for current fiscal at 9.5 per cent
3 years ago

RBI retains growth forecast for current fiscal at 9.5 per cent

India TV News  

The Reserve Bank on Wednesday retained the GDP growth forecast at 9.5 per cent for the current fiscal but cautioned that the economic recovery is not yet strong enough to be self-sustaining and durable. the projection for real GDP growth is retained at 9.5 per cent in 2021-22 consisting of 6.6 per cent in Q3 and 6.0 per cent in …

Fitch Revises India GDP Growth to 12.8% for FY-22 from 11%, Says Recovery Swifter Than Expected
3 years, 8 months ago

Fitch Revises India GDP Growth to 12.8% for FY-22 from 11%, Says Recovery Swifter Than Expected

News 18  

Fitch Ratings has revised India's GDP growth estimate to 12.8 per cent for the fiscal year beginning April 1 from its previous estimate of 11 per cent, saying its recovery from the depths of the lockdown-induced recession has been swifter than expected. "India's second half of 2020 rebound also took GDP back above its pre-pandemic level and we have revised …

Economic Survey Upshot: Govt Revises Growth Rate for 2019-20 Downwards to 4 Per Cent
3 years, 10 months ago

Economic Survey Upshot: Govt Revises Growth Rate for 2019-20 Downwards to 4 Per Cent

News 18  

The government on Friday revised downwards the economic growth rate for 2019-20 to 4 per cent from 4.2 per cent estimated earlier. “Real GDP or GDP at constant prices for the years 2019-20 and 2018-19 stands at Rs 145.69 lakh crore and Rs 140.03 lakh crore, respectively, showing a growth of 4.0 per cent during 2019-20 and 6.5 per cent …

Economic Survey predicts 11% growth in fiscal 2022
3 years, 10 months ago

Economic Survey predicts 11% growth in fiscal 2022

The Hindu  

India’s economy is firmly in the middle of a V-shaped recovery and will bounce back to record 11% growth in 2021-22 after an estimated 7.7% contraction this year, according to a ‘conservative’ estimate in the Economic Survey for 2020-21. Making a strong pitch for the government to loosen its purse strings to spur the economy with a ‘counter-cyclical fiscal push’ …

Fitch revises India GDP forecast, sees contraction at 9.4 pc
4 years ago

Fitch revises India GDP forecast, sees contraction at 9.4 pc

India TV News  

Fitch Ratings on Tuesday raised India's GDP forecast to -9.4 per cent in the current fiscal year to March 2021 from a previously projected contraction of 10.5 per cent after the economy staged a sharper rebound in the second quarter. "We now expect GDP to contract 9.4 per cent in the fiscal year to end-March 2021, followed by +11 per …

Fitch Puts India GDP Contraction in FY21 at 10.5% before Bouncing Back Next Fiscal
4 years, 3 months ago

Fitch Puts India GDP Contraction in FY21 at 10.5% before Bouncing Back Next Fiscal

News 18  

India's economy is expected to contract 10.5 per cent in the current fiscal before bouncing back in the next financial year, Fitch Ratings said on Tuesday. Separately, India Ratings and Research, the domestic arm of rating agency Fitch, projected an 11.8 per cent contraction in the Indian economy in FY21, as against its previous projection of 5.3 per cent contraction …

Global Economy to Contract 4.4%, China to Grow at 2.7% in 2020: Fitch
4 years, 3 months ago

Global Economy to Contract 4.4%, China to Grow at 2.7% in 2020: Fitch

News 18  

Fitch Ratings on Tuesday projected global GDP to contract 4.4 per cent in the current year but revised upwards China’s growth estimate to 2.7 per cent for 2020. In its September update to the Global Economic Outlook, Fitch Ratings cut its 2020 GDP forecast for emerging markets, excluding China, to 5.7 per cent, from 4.7 per cent estimated in June, …

Indian Economy to Contract 10.5 Pc in FY21; Covid-19 Spread Disrupting Eco Activity: Fitch
4 years, 3 months ago

Indian Economy to Contract 10.5 Pc in FY21; Covid-19 Spread Disrupting Eco Activity: Fitch

News 18  

Fitch Ratings on Tuesday slashed India's FY21 growth projection to 10.5 per cent, from 5 per cent estimated earlier, saying the continued spread of the virus and imposition of sporadic shutdowns across the country has disrupted economic activity. Fitch said India recorded one of the sharpest GDP contractions in the world in the April-June quarter, but noted that growth should …

Fitch sharply revises India's GDP forecast for FY21 to -10.5%
4 years, 3 months ago

Fitch sharply revises India's GDP forecast for FY21 to -10.5%

India Today  

Fitch Ratings on Tuesday revised its earlier annual GDP projection for India, signalling deeper trouble for India’s economy. The ratings agency projected India’s annual GDP to contract 10.5 per cent, which is significantly higher than its earlier GDP forecast of of -5 per cent. The revision comes days after official NSO data showed that India’s GDP shrank by a massive …

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