India’s GDP to grow 12.8% in Fiscal Year to March 2022, up from -7.5% in FY21: Fitch Report
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Fitch Ratings on Thursday affirmed 'BBB-' sovereign rating for India, saying a recent surge in coronavirus cases may delay GDP recovery, but it won't derail the economy. It maintained a negative outlook for the rating reflecting "lingering uncertainty around the debt trajectory". However, a recent surge in coronavirus cases poses increasing downside risks to the FY22 outlook.