Tag: FITCH

Fitch cuts India’s FY20 GDP growth forecast to 5.5 per cent

News:Fitch Ratings has reduced the growth forecast of India’s gross domestic product(GDP) forecast to 5.5% in 2019-20 from 6.6%. Facts: Fitch has said that the decrease in credit availability due to crisis in non-bank financial companies (NBFC) sector has pushed Indian economic growth to a six year low. It has also said that the slowdown… Continue reading Fitch cuts India’s FY20 GDP growth forecast to 5.5 per cent