Fitch reduces India’s GDP growth forecast to 4.6% in FY20

Fitch reduces India’s GDP growth forecast to 4.6% in FY20

• Fitch Ratings has cut its GDP growth forecast for India to 4.6% for the 2019-20 fiscal from its earlier prediction of 5.6%. 
• Fitch has reaffirmed India’s rating at ‘BBB-‘ with a Stable Outlook. 
• In FY2020-21 the growth rate is predicted at 5.6 per cent and 6.5 per cent in FY2021-22 as per Fitch.

Points to remember:

1. GDP Growth rate of India in FY20 as per Fitch?- 4.6%
2. GDP Growth rate of India in FY21 as per Fitch?- 5.6%
3. GDP Growth rate of India in FY22 as per Fitch?- 6.5%