Fitch Ratings: News

08 Dec 2020

Indian Economy

India's GDP to contract by 9.4% in FY21, says Fitch

India's GDP will contract by 9.4% in the current fiscal year, Fitch Ratings said in its latest Global Economic Outlook on Tuesday.

01 Jun 2020


As coronavirus cases spike, why is India easing lockdown restrictions

As the fourth phase of India's nationwide lockdown ended, the number coronavirus infections surged past 1.9 lakh.

26 Sep 2018

Donald Trump

Can't hold US trade-talks with knife to the throat: China

China said it's impossible to hold trade talks with the US while Washington is imposing tariffs that are like "holding a knife to someone's throat".

21 Sep 2018


Fitch Ratings ups India's growth forecast to 7.8% for FY19

Fitch Ratings today upped India's growth forecast for the current fiscal to 7.8% from 7.4% projected earlier.

11 Apr 2018


India to grow 7.3% this fiscal, 7.6% in next: ADB

India's economic growth is expected to rebound to 7.3% this fiscal and further to 7.6% in 2019-20 with increased productivity post-GST and investment revival due to banking reform said the Asian Development Bank (ADB).

02 Feb 2018


After Budget, Sensex closes 839 points lower, Nifty cracks too

A day after Budget 2018, the markets shuddered and benchmark indices fell sharply, a consequence of the new long-term capital gains (LTCG) tax and other factors, analysts said.

11 Oct 2017


IMF cuts India's growth forecast, but expects a medium-term recovery

The International Monetary Fund (IMF) in its World Economic Outlook (WEO) report trimmed Indian economy's growth forecast to 6.7% from earlier 7.1% citing the disruptions caused by government's decisions of demonetization and introduction of good and services tax (GST).

12 Sep 2017


Indian banks need $65 billion to meet BASEL norms: Fitch

To meet BASEL III norms, Indian banks will need an additional $65 billion by March 2019, said Fitch Ratings. PSU banks would require 95% of it.

05 Apr 2017


RBI may get government help in tackling bad loans

The government is now mulling about passing a legislation, which will allow the Reserve Bank of India (RBI) to tackle stressed assets.

04 Apr 2017


Private sector projects have reached a standstill in recent quarters

According to Centre for Monitoring Indian Economy (CMIE), the progress of private sector projects has reached a roadblock.

21 Mar 2017

Theresa May

Scottish Independence: Scotland could be independent, says Lord King

Lord Mervyn King, ex-Governor of the Bank of England, said Scotland "could be an independent country" but would "risk" taking a hit to its public finances if oil revenues fall.

28 Feb 2017


India's GDP increased by 7% in Q3

India's third quarter GDP grew at a faster-than-expected 7% pace despite demonetization in the quarter till December. It had been expected to grow 6.1% then.

30 Nov 2016


Quarter 2 GDP grows at 7.3%

The GDP of Q2 FY16-17 grew at 7.3% at constant prices (2011-12).