Rating agency Fitch made changes in the estimated GDP for the financial year 2022-2023

Daily Current Affairs / Rating agency Fitch made changes in the estimated GDP for the financial year 2022-2023

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Category : Business and economics Published on: March 24 2022

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Fitch Ratings has slashed India’s GDP growth forecast for the fiscal FY 2022-2023 to 8.5 percent in its Global economic Outlook-March 2022.
Earlier this rate was estimated at 10.3%.
The Rating agency Fitch has revised upwards the GDP growth forecast for the current fiscal FY 2021-2022, by 0.6 percentage points to 8.7 percent.

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Rating agency Fitch made changes in the estimated GDP for the financial year 2022-2023