Fitch Ratings predicts Indian GDP to 12.8% for FY22
On 24th March 2021, Fitch Ratings has estimated that India’s growth projection for FY22 will be 12.8%. prior to this, Fitch predicted 11%.
- Along with it, Fitch also has estimated that India’ GDP will be 5.8% for the fiscal year 2022-23.
Fitch Ratings Said in its latest Global Economic Outlook.
“The biggest revisions are for Turkey and India. India’s second half of 2020 rebound also took GDP back above its pre-pandemic level. Nevertheless, we expect the level of Indian GDP to remain well below our pre-pandemic forecast trajectory,”