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 …
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 …
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