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Indian economy to rise at 9.5% in fiscal 2021-22: Fitch Ratings

  • Fitch Ratings has oozed confidence that the Indian economy will spring back from the prevailing contraction and slowdown mainly on the back of the COVID-19 pandemic and projected India’s GDP to rise at a healthy rate in the next fiscal year.
  • The credit rating agency has predicted India’s GDP to increase at 9.5 percent in FY 2021-22 after a contraction of 5% (means -5%) fiscal year 2020-21.