PUBLISHED ON JAN 14, 2021 10:26 AM IST
India's economy had been losing momentum even ahead of the shock delivered by the Covid-19 crisis. The rate of GDP growth sank to a more than ten-year low of 4.2 per cent in 2019, down from 6.1 per cent the previous year.
By Reuters | Posted by Nilavro Ghosh | London, UK
PUBLISHED ON JAN 06, 2021 05:30 PM IST
Global sovereign debt soared by $10 trillion to $77.8 trillion, or 94% of world gross domestic product, as governments boosted spending on health and shored up their economies roiled by the fallout from the coronavirus pandemic, Fitch calculated.
By Asian News International| Posted by Mallika Soni | Hong Kong
PUBLISHED ON DEC 09, 2020 07:25 PM IST
Fitch forecasts Indian GDP to contract by 9.4 per cent in the financial year ending March 2021 (FY21) before expanding by 11 per cent in FY22 from a low base.
By Press Trust of India | Posted by Deepali Sharma | New Delhi
UPDATED ON NOV 20, 2020 02:27 PM IST
According to Fitch, the pandemic will slow medium-term growth, as damaged corporate balance sheets are expected to dampen investment for years.
By Vrishti Beniwal | Bloomberg
UPDATED ON JUN 23, 2020 08:38 PM IST
Data due Friday is expected to show gross domestic product growth slowed for a fifth straight quarter to 5.7% in the three months ended June. That’s slower than the 5.8% expansion in the previous quarter.
By Press Trust of India | New Delhi
UPDATED ON SEP 21, 2018 05:59 PM IST
The upward revision in growth forecast comes in the backdrop of GDP expanding 8.2 per cent in April-June quarter, higher than Fitch’s expectation of 7.7 per cent.
By Siddhartha Singh and Anto Antony | Bloomberg
UPDATED ON JUL 17, 2018 01:15 PM IST
Fraud-hit PNB needs to pay about Rs 135 crore to cover the 8.98% annual interest on Rs 1500 crore worth of so-called AT1 bonds sold in July 2017.