Fitch Ratings on Wednesday slashed India’s economic growth forecast to 8.4 percent for the current fiscal year ending March 31, 2022 It noted that the rebound after the second wave of COVID infections had been subdued than expected. The global ratings firm had previously forecast a GDP growth of 8.7 per cent in 2021-22 (April […]
India’s economy grew 0.4 per cent year-on-year in the final quarter of 2020, ending the country’s first recession since independence. The country’s exit from recessionary slide and modest recovery is partly linked to measures by the government which as eased coronavirus restrictions. A news report by AFP indicated that the country had struggled to claw […]