Fitch Ratings
Fitch cuts India's FY23 GDP growth forecast to 7% from 7.8%--Key Things To Know
Thu, Sep 15, 2022
Fitch Ratings on Thursday slashed India's GDP growth projection for FY23 to 7 percent, saying the economy is expected to slow against the backdrop of global economy, elevated inflation and high interest rate.
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Fitch cuts India GDP forecast for FY22 to 8.4%; raises growth projection to 10.3%
Wed, Dec 08, 2021
Fitch Ratings on Wednesday cut India's economic growth forecast to 8.4 per cent for the current fiscal year ending March 31, 2022, but raised GDP growth projection for the next financial year to 10.3 per cent.
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Fitch Ratings cuts India GDP growth forecast for FY20 to 6.8 per cent
Fri, Mar 22, 2019
Fitch Ratings cut India's FY19 GDP growth forecast to 7.2 per cent from 7.8 per cent on December 6. The rating agency has also cut growth forecasts for FY20 and FY21 to 7 per cent from 7.3 per cent and 7.1 per cent from 7.3 per cent, respectively.
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Major reforms undertaken; India deserves rating upgrade: Garg
Sun, Apr 29, 2018
In an interview to PTI, Economic Affairs Secretary Subhash Chandra Garg said Fitch's action did not come as a surprise as the rating agency had in discussion earlier indicated its focus on level of government debt even though it had a very favourable view on India's economy.
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PNB fraud: Banks review HR strategy; BoI begins to seek update
Tue, Feb 20, 2018
In the wake of Rs 11,000 crore fraud at Punjab National Bank, the biggest ever in the banking history, other banks have woken up to plug loopholes in the system. Several banks have reportedly started moving their officials holding same positions for more than three years.
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Task to strengthen public finances left to next govt: Fitch Ratings
Tue, Feb 06, 2018
The fiscal slippage of 0.3 per cent of GDP in both 2017 -18 and 2018-19 is relative to last year's budget targets of 3.2 per cent and 3 per cent of GDP, respectively. The target for current fiscal was missed largely because of higher expenditure, Fitch said.
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