New Delhi: Fitch Ratings On Wednesday it lowered India’s economic growth forecast to 8.4 per cent for the current fiscal ending March 31, 2022, but raised its GDP growth forecast for the next fiscal to 10.3 per cent.
Fitch had in October forecast GDP growth to be 8.7 per cent in 2021-22 (April 2021 to March 2022) and 10 per cent in FY23.
“We have lowered our FY22 (financial year ending March 2022) GDP growth forecast to 8.4 per cent (-0.3 pp). GDP growth accelerated to 10.3 per cent (+) in FY23. 0.2 pp), which is enhanced by consumer- improving leadership and minimizing supply disruptions,” Fitch said in Global Economic Outlook,
Fitch had in October forecast GDP growth to be 8.7 per cent in 2021-22 (April 2021 to March 2022) and 10 per cent in FY23.
“We have lowered our FY22 (financial year ending March 2022) GDP growth forecast to 8.4 per cent (-0.3 pp). GDP growth accelerated to 10.3 per cent (+) in FY23. 0.2 pp), which is enhanced by consumer- improving leadership and minimizing supply disruptions,” Fitch said in Global Economic Outlook,
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