Fitch Ratings: News
08 Dec 2020
Indian EconomyIndia'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
BBCAs 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 TrumpCan'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
IndiaFitch 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
IndiaIndia 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
IndiaAfter 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
IndiaIMF 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
IndiaIndian 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
IndiaRBI 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
IndiaPrivate 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 MayScottish 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
IndiaIndia'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
IndiaQuarter 2 GDP grows at 7.3%
The GDP of Q2 FY16-17 grew at 7.3% at constant prices (2011-12).