New Delhi, Dec 6 (SocialNews.XYZ) Fitch Ratings has retained the economic growth forecast for India at 7 per cent for the current fiscal in its global economic outlook.
The rating agency on Tuesday observed that India is likely to emerge as among the fastest growing emerging markets in the current fiscal.
At the same time though, the agency has slashed the growth projections for the next two fiscals, observing that while the Indian economy is insulated from global shocks, it is not immune to global developments.
In its December edition of the Global Economic Outlook, Fitch projected India's GDP to grow at 7 per cent in the current fiscal but added that it could slow down to 6.2 per cent in 2023-24 and 6.9 per cent in 2024-25.
In September, Fitch had projected 7 per cent growth for the current fiscal, followed by 6.7 per cent in 2023-24 and 7.1 per cent growth in 2024-25.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
