May 07, 2021 2:41 pm
The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022).
January 14, 2021 5:11 pm
In a report titled 'India Set for Slow Medium-Term Recovery', Fitch said after an initial strong rebound in the fiscal year beginning April 2021, growth will slow to around 6.5 per cent a year over FY23-FY26 (April 2022 to March 2026).
January 04, 2021 5:00 pm
For 2022, it revised the forecast to Rs 77 to a US dollar, from Rs 79 previously, to account for a stronger 2021 forecast.
December 08, 2020 10:41 am
In its Global Economic Outlook, Fitch said the coronavirus recession has inflicted severe economic scarring and the country needs to repair balance sheets and increase caution about long-term planning.
November 30, 2020 6:13 pm
Fitch Solutions forecast a return to pre-COVID-19 levels only over the second half of 2021 and 2022.
September 08, 2020 10:54 am
"GDP should rebound strongly in 3Q20 (October-December) amid a re-opening of the economy, but there are signs that the recovery has been sluggish and uneven," Fitch said.
June 23, 2020 1:56 pm
The PSUs whose rating outlook has been revised include IOC, Bharat Petroleum Corp Ltd (BPCL), Oil India Ltd (OIL), GAIL India Ltd, Power Grid Corp of India Ltd and NTPC Ltd.
June 19, 2020 1:06 am
Fitch Ratings expects economic activity to contract by 5 per cent in FY21, before rebounding by 9.5 per cent in FY22.
June 11, 2020 3:31 pm
Corporates can also simplify or reorganise complex group structures without the interference of minority shareholders through such moves, the agency noted.
June 10, 2020 5:00 pm
Fitch Ratings forecast a 5 per cent contraction in the GDP in the ongoing financial year.