2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6.9 %
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6.8 %
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6.6 %
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6.5 %
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Detailed explanation-1: -However, GDP growth projection for 2023-24 and 2024-25 has been revised downwards to 6.2 per cent and 6.9 per cent, respectively. Fitch Ratings, in September 2022, had estimated GDP growth for 2023-24 at 6.7 per cent and for 2024-25 at 7.1 per cent.
Detailed explanation-2: -Fitch Affirms India at ‘BBB-’; Outlook Stable. Fitch Ratings - Hong Kong - 20 Dec 2022: Fitch Ratings has affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary.
Detailed explanation-3: -US rating agency Moody’s Investors Services recently slashed India’s real GDP growth projections again to 7.0 per cent for 2022 from 7.7 per cent. Fitch said India is expected to record one of the fastest growth rates among emerging markets in our Fitch20 coverage this year.
Detailed explanation-4: -ARTICLES. NEW DELHI: Global ratings agency Fitch on Thursday cut India’s gross domestic product (GDP) growth forecast for 2022-23 to 7% from the earlier 7.8% due to the impact of the global economic slowdown, elevated inflation and tighter monetary policy.