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Business News›News›ET TV›Fitch cuts India growth projection to 8% for FY22; pegs contraction at 5% this fiscal
Fitch cuts India growth projection to 8% for FY22; pegs contraction at 5% this fiscal
Fitch Ratings on Tuesday cut India's growth forecast for 2021-22 fiscal to 8 per cent from 9.5 per cent projected last month. It, however, retained its projection of Indian economy contracting by 5 per cent in the current fiscal. Indian economic growth stood at an estimated 4.2 per cent in 2019-20.
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