India's Medium-Term Growth Will Slow to Around 6.5% After Initial Rebound: Fitch
0 The Indian economy will suffer lasting damage from the coronavirus crisis and after an initial strong rebound in FY21-22, the fiscal year ending March 2022, growth will slow to around 6.5% a year over FY22-23 to FY25-26. A combination of supply-side scarring and demand-side constraints - such as the weak state of the financial sector - will keep the level of GDP well below its pre-pandemic path, say Fitch Ratings. According to the ratings agency, India's coronavirus-induced recession has been among the most severe in the world, amid a stringent lock-down and limited direct fiscal suppo...
Source: moneylife.in