Fitch ratings

<!-- -->India's economy had been losing momentum even ahead of the shock delivered by COVID-19New Delhi: The Indian economy will suffer lasting damage from the coronavirus crisis and after an initial strong rebound in FY22 (fiscal…

<!-- -->The rating agency also said that global economic recovery will strengthen and become more sure-footed.Fitch Ratings on Tuesday raised India's GDP forecast to -9.4 per cent in the current fiscal year to March 2021 from a…

Indian banks are saddled with more than Rs 9 lakh crore in bad loansA one-time debt restructuring allowed by the Reserve Bank of India (RBI) to help lenders and borrowers amid the COVID-19 pandemic will prolong uncertainty about the…

Fitch Ratings forecast a 5 per cent contraction in the GDP in the ongoing financial yearThe Indian economy is likely to bounce back with a sharp growth rate of 9.5 per cent next year, after the contraction in the current financial year, if…

Fitch has also cut GDP growth forecast for fiscal year ending March 2021 to 0.8 per cent.The country's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country…

Fitch has also cut GDP growth forecast for fiscal year ending March 2021 to 0.8 per cent.The country's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country…