DelhiDesk Fitch Ratings has maintained India’s sovereign rating at BBB- with a stable outlook, citing strong growth and external financial resilience. However, the rating agency also noted that India’s fiscal deficit is high, with weak public finances and several other indicators lagging behind those of its peers. Despite this, Fitch Ratings expects India to remain the fastest-growing economy in the current financial year due to increased investment, although the growth rate may decline slightly to 6.7% in the next financial year.
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Here is the news bullets sorted by DelhiBreakings.com team.
– Fitch Ratings maintains India’s sovereign rating at BBB-
– India’s outlook is stable and witnessing strong growth
– BBB- rating is the lowest investment grade rating
– India has stronger growth outlook and external financial resilience than other peers
– India’s economy will remain the fastest growing economy in current financial year
– India has high fiscal deficit with weak public finance and many other indicators are weak compared to its peers
– India’s growth rate may come down slightly to 6.7% in next financial year
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