Fitch Ratings Projects India’s GDP to 12.8% for FY22
- American credit rating agency Fitch has revised India’s GDP growth estimate for the fiscal 2021-22 to 12.8%, from its previous estimate of 11%, in its latest Global Economic Outlook (GEO).
- The improvement in GDP rate is based on factors like stronger carryover effect, a looser fiscal stance, and better virus containment.
- Also, for the fiscal year 2022-23, Fitch expects GDP growth at 5.8%.