Fitch raises India’s FY19 GDP growth forecast to 7.8%
September 22nd, 2018
Fitch Ratings upped India’s growth forecast for the current fiscal to 7.8% from 7.4% earlier, but flagged rising oil bill and higher interest rates as key concerns. Fitch, in its Global Economic Outlook, said it expects inflation to rise to the upper end of the central bank’s target band on relatively high demand-pull pressures and rupee depreciation.