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Fitch affirms India’s rating at ‘BBB-‘, outlook stable

Posted By: Doraiah Vundavally May 2, 2017

Fitch affirms India's rating at 'BBB-', outlook stableMumbai, May 2 (IANS) Global ratings agency Fitch on Tuesday affirmed India's long-term foreign and local currency ratings at 'BBB-', the lowest investment grade, but said the outlook is "stable".

Further, the rating agency said it expected India's real Gross Domestic Product to grow at 7.7 per cent during 2017-18.

"India's positive GDP growth outlook stands out among peers," it said in a statement.

 

"Fitch forecasts India's real GDP growth to accelerate to 7.7 per cent in FY17-18, from 7.1 per cent in FY16."

The agency expects structural reforms to increase growth, along with higher real disposable income.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Fitch affirms India's rating at 'BBB-', outlook stable

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.