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Fitch Ratings has predicted India's GDP growth forecast for 2023-24 to ____ from 6.2% and 6.7% in 2024-25.
A)
6%
B)
6.6%
C)
7.3%
D)
7.5%

Correct Answer :   6%


Fitch Ratings has predicted India's GDP growth forecast for FY - 2023-24 to 6% from 6.2% and 6.7% in FY - 2024-25.

* Reason : Headwinds from elevated inflation, interest rates, and subdued global demand

* The rating firm has also reaffirmed India’s long-term foreign-currency issuer default rating at ‘BBB-’ with a stable outlook

*BBB’ issuer default rating indicates that expectations of default risk are currently low and payment capacity to meet financial commitments is considered adequate..

Source : Fitchratings

Published On : May 9, 2023
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