Question : Fitch Ratings has recently reduced India’s economic growth forecast to what percent for the current financial year ending March 31, 2022 ?
a. 8.4 percent
b. 8.1 percent
c. 8.9 percent
d. 6.7 percent
Ans. a.
Related facts —
- Fitch Ratings cut India’s economic growth forecast to 8.4 per cent, from the previous 8.7 per cent for the current fiscal year (2021-22, or FY22) on December 8, 2021
- Fitch said risks to recovery remain, especially in the near term, given that less than one-third of the population is fully vaccinated.
- The newly discovered Omicron variant has added to the risk, it said.
- The rating agency raised GDP growth projections to 10.3 per cent, from the earlier expected 10 per cent for the next fiscal year (2022-23).
By – Pankaj Pandey