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Fitch said India's coronavirus-induced recession has been among the most severe in the world, amid a stringent lockdown and limited direct fiscal support.(HT Photos)

India's medium-term growth to slow to around 6.5% after initial rebound: Fitch

PTI

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.

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While the government debt-to-GDP measure - often used as a rough measure for debt sustainability - stood at around 60% of GDP for both developing and developed markets, this masked a divergence in interest rates for the two groups, McCormack said.(Bloomberg (Representative Image))

Record rise in government debt will hit emerging markets harder, Fitch says

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.

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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.(Reuters)

Rise in Indian auto loan arrears to lag economic slowdown: Fitch

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.

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Fitch said raising medium-term growth rates under these circumstances will require reforms to support investment and boost productivity and it will take time to assess whether the reforms are implemented effectively.(AP file photo)

Pandemic-driven reform agenda can raise India’s medium-term growth, says Fitch

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.

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While the slowdown last quarter reflects, for the most part, a slump in investment before the election, high-frequency indicators since then suggest the economy’s lack of momentum has persisted.(Bloomberg image)

India’s growth slowdown set to deepen as consumers buckle

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.

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Fitch ups India’s growth forecast to 7.8% for FY19

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.

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