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Coronavirus surge can delay Indian NBFIs recovery: Fitch
ANI |
Updated: Apr 08, 2021 12:05 IST
These challenges are likely to increase if recent restrictions to contain the pandemic are expanded or prolonged, leading to greater economic and operational disruption.
Fitch revised India s GDP forecast for the fiscal year ending March 2022 (FY22) to 12.8 per cent in its March Global Economic Outlook from 11 per cent in the previous forecast in December due to the unexpectedly strong rebound in economic activity in late 2020 and early 2021.
The forecast revision incorporated expectations of a slowdown in 2Q21 due to the flare-up in new coronavirus cases. However, an increase in the rate of infections and broadening of social distancing restrictions pose downside risks to its projections. ....

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