Fitch cuts India’s FY20 GDP forecast to 4.9% and for FY21 to 5.4%

Fitch cuts India’s FY20 GDP forecast to 4.9% and for FY21 to 5.4%

• Fitch Solutions has cut its forecast for India’s GDP growth rate for FY20 to 4.9% from previous 5.1%.

• For FY21, Fitch Solution has predicted India’s GDP growth at 5.4%.

Points to remember:

1. What is India’s GDP rate prediction for FY20 as per Fitch Solutions?- 4.9%
2. What is India’s GDP rate prediction for FY21 as per Fitch Solutions?- 5.4%

Source: Financial Express