Fitch ups India's growth forecast to 7.8%; flags rising oil bill as concern
"We have revised up our forecast for FY2018-2019 growth to 7.8 per cent from 7.4 per cent on the back of the better-than-expected 2Q18 outturn. India's growth likely peaked in 2Q18 (April-June) though," Fitch said. Growth forecast for 2019-20 and 2020-21 fiscals, however, have been cut by 0.2 percentage points to 7.3 per cent.
Growth forecast for 2019-20 and 2020-21 fiscals, however, have been cut by 0.2 percentage points to 7.3 per cent, Image source:Pixabay