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Fitch Ratings: India's GDP Growth Rate Expected To 7.4 % In FY 2018-19

 

 

Fitch Ratings: India's GDP Growth Rate Expected To 7.4 % In FY 2018-19

According to Fitch Ratings, India's Gross Domestic Product Growth Rate is expected to 7.4 % in the Financial Year 2018-19.

Fitch Ratings has raised India growth forecast for 2018-19 to 7.4 percent from 7.3 percent but cited higher financing costs and rising oil prices as risks to growth.

As per Fitch Report, For 2019-20, it estimated the country to grow at 7.5  percent.

The Economy Grew at 6.7 percent in 2017-18 and 7.7 percent in January-March quarter.

Earlier in May 2018, US-based Moody’s cut India’s growth forecast for 2018-19 to7.3 percent from 7.5per cent citing rising oil prices.

FITCH GROUP

Subsidiary: Fitch Ratings

Fitch Ratings Inc. is one of the "Big Three credit rating agencies”

Other two being Moody's and Standard & Poor's.

Fitch Ratings is Dual-Headquartered in New York, US, and London, UK

Founded: 1914

President & CEO: Paul Taylor

 


 

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