Current Affairs Economy & Banking

Fitch forecasts India’s GDP growth at 5.6% for Financial Year 2021

Category : Economy & Banking

  Fitch Ratings has estimated India’s GDP growth of 5.6% in the next FY21 in its India Economic Outlook. This forecast is lower than the projection made by the government’s Economic Survey. For the current fiscal 2019-20 (FY 20), GDP is projected at 4.6%. Fitch has also estimated that in the fiscal year 2022, government debt will remain 70% of total GDP.


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