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Fitch Forecasts India’s Growth to 8% for FY 2022

Published on July 03, 2020
Current Context: An American Credit rating Agency, Fitch Rating Inc. has released its Global Economic Outlook for the month of June 2020.
Fitch Forecasts India’s Growth to 8% for FY 2022
  • As per the report, India’s growth forecast for the financial year 2021-22 is marked at 8%. Initially, it was marked at 9.5% by the Fitch. However, it has reduced it to 8%.
  • The reduction in the growth forecast is marked due to the negative impact on economic growth due to pandemic COVID-19.
  • For the current fiscal year, the projection of India economy to be contracting by 5% as per Fitch Rating Agency.
  • Static Part: 
    • HQ of Fitch Rating: New York, US

Question: 

Q.1 Fitch slashes India’s growth forecast for FY 2022 to ___% from 9.5%?
a. 8.5%
b. 8%
c. 7.5%
d. 6%

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