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