What is the current GDP forecast for India by Fitch, and how does this compare to previous projections

Discover the latest GDP forecast from Fitch for the current fiscal year and how this compares to earlier estimates.
According to Fitch Ratings, the GDP forecast for India for the current fiscal year (2021-22) is 10%, which is the same as their previous projection in December 2020. However, this projection is more optimistic than their earlier projection of 9.5% made in September 2020. Here are some key points to summarize the GDP forecast for India by Fitch:
  • Fitch Ratings projects India's GDP to grow by 10% in the current fiscal year (2021-22).
  • This projection is the same as their previous forecast in December 2020, indicating a sustained positive outlook on India's economic recovery.
  • However, this projection is more optimistic than their earlier forecast of 9.5% made in September 2020, showing an upward revision of growth projections.
  • Fitch also credits India's vaccination drive and monetary policy support for supporting economic recovery in the country.
  • Despite the positive outlook, Fitch highlights the risk of a surge in COVID-19 cases and the associated restrictions impacting economic activity.
Overall, the Fitch Ratings forecast for India's GDP reflects a positive outlook on the country's economic recovery, supported by vaccination efforts and policy interventions.
Answered a year ago
Amrita Preparing for Civil Services