Question- Recently, International Rating Agency Fitch lowered the India’s GDP growth projection for 2017-18 to what percentage?
(a) 6.6 percent
(b) 6.7 percent
(c) 6.8 percent
(d) 6.5 percent
Answer: (b)
Related Facts:
- On December 4th, 2017, International Rating Agency Fitch lowered the India’s GDP growth projection for 2017-18 to 6.7 per cent.
- Fitch has released its ‘Global Economic Outlook’ in December.
- This global ratings agency reduced the growth forecast for the fiscal year to end-March 2018 (FY18) to 6.7 per cent from 6.9 per cent.
- Apart from this, Fitch has expressed the hope that the growth rate in the year 2019 would be 7.3 percent instead of 7.4 percent.
- Improvement in the report of Fitch is less than expected.
- In the recent scenario, inflation has remained low at present and the graph of rupee is going upwards against the dollar.
Reference:
http://www.moneycontrol.com/news/business/economy/fitch-cuts-indias-fy18-gdp-growth-forecast-to-6-7-2454015.html
https://cfo.economictimes.indiatimes.com/news/fitch-lowers-2017-18-growth-projection-to-6-7/61918165