Fitch changes India’s sovereign rating, cuts GDP growth forecast for the current financial year

GDP growth forecast downgraded.

Fitch has reduced India’s economic growth forecast for the current fiscal year from 8.5% to 7.8%. India’s sovereign setting stabilized from negative.

Fitch Ratings has changed India’s sovereign rating outlook on Friday. It has stabilized India’s sovereign setting from negative. Fitch Ratings ,Fitch Ratings) has retained the ‘BBB-‘ rating. Fitch has reduced India’s economic growth forecast for the current fiscal year from 8.5% to 7.8%.

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