Indian Economy To Grow At 7.8% In 2018-19 : Fitch Ratings

Indian Economy To Grow At 7.8% In 2018-19 : Fitch Ratings


In a statement, Fitch Ratings said it expects India’s real GDP growth to rise to 7.8 per cent in the fiscal year ending March 31, 2019, from 6.7 per cent in FY2017-18. But for the following two financial years, it said, the growth may decelerate to 7.3 per cent due to “downside risks from tightening financial conditions, weak financial-sector balance sheets and high international oil prices”.

“Risks to the macroeconomic outlook are significant, and include a drop in credit growth, resulting from further problems in the banking or shadow-banking sector,” it said.


Indian Economy To Grow At 7.8% In 2018-19 < Fitch Ratings