{"id":55085,"date":"2021-10-09T06:12:36","date_gmt":"2021-10-09T06:12:36","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=55085"},"modified":"2022-09-12T13:05:10","modified_gmt":"2022-09-12T07:35:10","slug":"fitch-cuts-indias-gdp-in-fy22-to-8-7-and-10-in-fy23","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/fitch-cuts-indias-gdp-in-fy22-to-8-7-and-10-in-fy23\/","title":{"rendered":"Fitch cuts India\u2019s GDP in FY22 to 8.7% and 10% in FY23"},"content":{"rendered":"\n<p><strong>Fitch Ratings<\/strong>&nbsp;has cut India\u2019s economic growth forecast to<strong>&nbsp;8.7%<\/strong>&nbsp;for the current fiscal but raised GDP growth projection for&nbsp;<strong>FY23<\/strong>&nbsp;to&nbsp;<strong>10%,<\/strong>&nbsp;saying the second COVID-19 wave delayed rather than derail the economic recovery.<\/p>\n\n\n\n<p>In its APAC Sovereign Credit Overview, Fitch Ratings said India&#8217;s &#8216;BBB-\/Negative&#8217; sovereign rating &#8220;balances a still-strong medium-term growth outlook and external resilience from solid foreign- reserve buffers, against high public debt, a weak financial sector and some lagging structural factors&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings&nbsp;has cut India\u2019s economic growth forecast to&nbsp;8.7%&nbsp;for the current fiscal but raised GDP growth projection for&nbsp;FY23&nbsp;to&nbsp;10%,&nbsp;saying the second COVID-19 wave delayed rather than derail the economic recovery. In its APAC Sovereign Credit Overview, Fitch Ratings said India&#8217;s &#8216;BBB-\/Negative&#8217; sovereign rating &#8220;balances a still-strong medium-term growth outlook and external resilience from solid foreign- reserve buffers, [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":55086,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1918],"tags":[82,1827],"class_list":["post-55085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-october-2021","tag-economy-current-affairs","tag-indias-gdp"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/55085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=55085"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/55085\/revisions"}],"predecessor-version":[{"id":55087,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/55085\/revisions\/55087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/55086"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=55085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=55085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=55085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}