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Fitch raises India's FY19 growth forecast to 7.8% from 7.4%
short by Krishna Veera Vanamali / on Friday, 21 September, 2018
Global rating agency Fitch revised its forecast for India's economic growth to 7.8% from 7.4% for the current financial year ending in March 2019. India registered a GDP growth of 8.2% in the April-June quarter, the highest in over two years. Fitch, however, flagged higher interest rates, rising oil bill and weak bank balance sheets as hurdles to growth.
read more at Bloomberg Quint