Fitch Ups India’s Growth Forecast To 7.4% For FY’19; Cites Oil Prices As Risk


Fitch Ups India’s Growth Forecast To 7.4% For FY’19; Cites Oil Prices As Risk

Fitch Ratings on Wednesday raised India’s economic growth forecast to 7.4 per cent for 2018-19 but cited higher finance costs and rising oil prices as risks.

It also said that the rupee has been among the worst performers vis-a-vis Asian currencies this year.

is-a-vis Asian currencies this year.

The global credit rating agency had earlier estimated the GDP growth at 7.3 per cent for the current financial year. For 2019-20, it projected the growth at 7.5 per cent. Read More

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