Updated By: LatestGKGS Desk
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
