2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9.5%
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5.5%
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6.5%
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7.5%
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Detailed explanation-1: -Fitch has projected India’s GDP to grow at 7% in the current fiscal, at 6.2 per cent in 2023-24 and at 6.9 per cent in 2024-25.
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: -In its December edition of the Global Economic Outlook, Fitch projected India’s GDP to grow at 7 per cent in the current fiscal, at a slower rate of 6.2 per cent in 2023-24 and at 6.9 per cent in 2024-25.
Detailed explanation-4: -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-5: -Fitch Ratings on December 20, 2022 retained its rating for India at ‘BBB-’ with a stable outlook, even as it expected a modest ‘fiscal slippage’ this year from the central government’s fiscal deficit target of 6.4% to GDP to 6.6% of GDP, due to higher food and fertiliser subsidies.