Fitch Solutions

Coronavirus Outbreak: After Moody's, Fitch cuts India GDP growth forecast to 4.6% for FY21; cites weak private consumption

Fitch Solutions cuts India's economic growth forecast to 4.9% for FY20 on slump in manufacturing, coronavirus impact

Fitch Solutions on Monday cut its forecast for India's economic growth to 4.9 percent in the current fiscal that ends 31 March, saying manufacturing could come under pressure from weak domestic demand and supply chain disruptions due to the coronavirus outbreak

RBI may cut interest rates by 40 basis points before this fiscal-end; monetary easing insufficient to boost economic growth: Fitch

RBI has cut interest rates four times this year but the transmission of the same by banks to borrowers has lagged.

Fitch Group arm projects fiscal deficit to overshoot to 3.6% in 2019-20 on govt's continued fiscal stimulus

The central government plans to spend a total of Rs 27.8 lakh crore in fiscal 2019-20, a 13.3 percent increase over the 2018-19 revised budget estimates.

Indian oil demand to become important driver of global growth as China's economy slows: Fitch

Indian oil demand, which faced substantial pressures in 2018 because of rising rates and a weakened rupee, is set for recovery next year, Fitch Solutions Macro Research said