India’s economic growth forecast for next fiscal pegged at 7.7%: Fitch
Q. Fitch Ratings has lowered India’s economic growth forecast for the next fiscal to what percent?- Published on 08 Mar 16
Fitch Ratings lowered the economic growth forecast of India for the next fiscal to 7.7 percent and maintained GDP projection for present fiscal at 7.5 percent. Fitch has forecast an 8% growth in December for the year 2016-2017 on account of capex spreading and gradual implementation of broad based structural reform agenda. 2016-2017 and 2017-2018 would be supported by greater amounts of real disposable income, leading to a normal monsoon after deficient rainfall for the past 2 years and the implementation of the recommendations of the 7th Pay Commission.