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Fitch Ratings has cut India's growth forecast to how much per cent for FY 2020-21?

Fitch Ratings has cut India's growth forecast to how much per cent for FY 2020-21? Correct Answer 5.1

  • Fitch Ratings has cut India's growth forecast to 5.1% for FY 2020-21, saying the coronavirus outbreak is likely to hit business investment and exports.
  • Fitch had in December 2019 projected India's growth at 5.6% for 2020-21 and 6.5% in the following year.
  • In its Global Economic Outlook 2020, Fitch said the number of people affected by coronavirus will keep rising in the coming weeks. 

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