Tuesday 18 May 2021
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news18 - 25 days ago

Fitch Affirms BBB- Rating, Says COVID Surge May Delay India s Economic Recovery

Fitch Ratings on Thursday said the resurgence of COVID19 infections may delay India s economic recovery, but won t derail it, as it kept the sovereign rating unchanged at BBB with a negative outlook. It projected a 12.8 per cent recovery in GDP in the fiscal year ending March 2022 (FY22), moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in 202021.


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