- The report also supports NBFI’s performance amid a broadening economic recovery, but few segments could still be vulnerable to higher-than-expected inflation.
- Earlier Fitch has also revised India's 'BBB-' sovereign rating to Stable from Negative in June 2022.
- The gross domestic product (GDP) was reinstated by 8.7% in FY22 after contracting by 6.6% in FY21.
- It has also projected that medium-term growth potential of around 7% between FY24 and FY27.
- Apart from that, large NBFIs' funding and liquidity profiles are likely to remain stable. Funding costs rise in line with rising policy rates both domestically and globally.
Question:
Q.1 As per the Fitch Report, the projected GDP of India between FY24 and FY27 is ________?a. 8%
b. 7%
c. 6%
d. 5%
