Fitch Ratings pegs India's real GDP at 7.7% in FY17
Fitch Ratings said, "India's sovereign ratings balance a strong medium-term growth outlook and favourable external balances with a weak fiscal position and difficult business environment. However, the business environment is likely to gradually improve with the implementation and continued broadening of the government's structural reform agenda."
Finance Minister Arun Jaitley. Representational image. Pic: IANS