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Non-Bank Financial Companies

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Fitch Slashes India Economic Growth Forecast to 4.9 Percent
March 3rd, 2020 - 10:28 GMT

Fitch Solutions Slashes India Economic Growth Forecast to 4.9 Percent

Fitch Solutions on Monday cut its forecast for India's economic growth to 4.9 percent in the current 2019-2020 fiscal that ends March 31, saying manufacturing could come under pressure from weak domestic demand and supply chain disruptions due to the coronavirus outbreak. However, the GDP growth is on track to recover slightly to 5.4 percent in 2020-2, the ratings agency said. "Our forecast assumes that the Covid-19 outbreak will be ...
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