India’s fiscal deficit may shoot to 6.2% of GDP in FY21: Fitch Solutions
NEW DELHI: India’s fiscal deficit in 2020-21 may shoot up to 6.2 per cent of the GDP from 3.5 per cent government estimate as a fallout of the Covid-19 economic stimulus package, Fitch Solutions said on Wednesday. With businesses disrupted due to the lockdown and its ripple effects, revenue will come under “heavy pressure” and […]
India’s GDP growth rebound expected to be weaker: Fitch Solutions
NEW DELHI: After slumping to an over six-year low, India’s economic growth will pick up over the coming quarters but the rebound is expected to be weaker than before, Fitch Solutions said on Monday as it trimmed GDP forecast for the current fiscal to 6.4 per cent from 6.8 per cent previously. India’s real GDP […]