Global Economic Outlook

Sensex drops over 100 points on profit-booking, weak global cues; Tata Steel, M&M, Yes Bank stocks fall

Sensex dropped 134.05 points, or 0.37% to 36,444.91 in early trade as index major Reliance Industries, Tata Steel, Tata Motors, ICICI Bank and Maruti Suzuki declined.

Fitch lowers India growth forecast to 7.2% for current fiscal; rupee to weaken to 75 vs dollar by end of 2019

It said GDP growth “softened quite substantially” in July-September quarter of current fiscal growing by 7.1 percent, as against 8.2 percent in April-June.

Fitch ups India's growth forecast for current fiscal to 7.8%; flags rising oil bill and higher interest rates as key concerns

Fitch cut China's growth projection for 2019 by 0.2 percentage points to 6.1 percent. Global growth is estimated at 3.3 percent for 2018 and 3.1 percent for 2019

Fitch lowers growth forecast to 6.9%, sees large bank NPAs dampening credit growth, investment

Economic activity is expected to accelerate in the second half of the fiscal year with the waning impact of demonetisation shock in late 2016 and GST rollout in July

Demonetisation: Cash crunch led to 'material impact on spending', says Fitch

In its latest Global Economic Outlook (GEO), Fitch said Indian GDP growth slowed "significantly" to 6.1 percent in first quarter of 2017 from 7 percent in October-December. This was the slowest pace since fourth quarter of 2013-14.

December quarter GDP growth surprising, says Fitch Ratings

The rating agency, however, projected a robust 7.1 percent growth for 2016-17 and 7.7 percent in the following two financial years (2017-18 and 2018-19).