India’s economic growth forecast for next fiscal pegged at 7.7%: Fitch
Q. Fitch Ratings has lowered India’s economic growth forecast for the next fiscal to what percent?- Published on 08 Mar 16a. 7.4
b. 7.5
c. 7.7
d. 7.8
ANSWER: 7.7
Fitch Ratings lowered the economic growth forecast of India for the next fiscal to 7.7 percent and maintained GDP projection for present fiscal at 7.5 percent. Fitch has forecast an 8% growth in December for the year 2016-2017 on account of capex spreading and gradual implementation of broad based structural reform agenda. 2016-2017 and 2017-2018 would be supported by greater amounts of real disposable income, leading to a normal monsoon after deficient rainfall for the past 2 years and the implementation of the recommendations of the 7th Pay Commission.
