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  • India to breach fiscal deficit target in FY22: Fitch Solutions May 07, 2021 11:49 AM IST

    India to breach fiscal deficit target in FY22: Fitch Solutions

    The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022).

  • Fitch Solutions sees RBI holding interest rates through FY22 Apr 09, 2021 05:56 PM IST

    Fitch Solutions sees RBI holding interest rates through FY22

    The Reserve Bank of India (RBI) held its policy repurchase (repo) rate unchanged at 4 percent at its monetary policy meeting on April 7.

  • India can inoculate priority groups by June 2021: Fitch Solutions Dec 21, 2020 06:15 PM IST

    India can inoculate priority groups by June 2021: Fitch Solutions

    India, it said, has one of the largest vaccine manufacturing capacities in the world (including the largest vaccine producer Serum Institute India, SII) and has secured authorisation to mass-produce the AstraZeneca, Novavax and Gamaleya Research Institute vaccines.

  • India's consumer spending to return to growth in 2021: Fitch Solutions Nov 30, 2020 06:13 PM IST

    India's consumer spending to return to growth in 2021: Fitch Solutions

    Consumer spending is forecast to have contracted by 12.6 percent in 2020.

  • India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions May 19, 2020 03:00 PM IST

    India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions

    Prime Minister Narendra Modi on May 12 announced a stimulus package of Rs 20 lakh crore, or nearly 10 per cent of GDP, to deal with the economic fallout of COVID-19. The contents of the package were broad-based and announced in five tranches.

  • Lockdown extension unlikely to contain surge in COVID-19 infections: Fitch Solutions Apr 22, 2020 09:44 AM IST

    Lockdown extension unlikely to contain surge in COVID-19 infections: Fitch Solutions

    "We at Fitch Solutions have revised down our forecast for India's FY2020-21 (April 2020 to March 2021) real GDP growth to 1.8 per cent, from 4.6 per cent previously," it said in a note on Wednesday.

  • Fitch Solutions says RBI may cut interest rates by 75 bps by March 2021 Apr 21, 2020 02:40 PM IST

    Fitch Solutions says RBI may cut interest rates by 75 bps by March 2021

    "In the light of a widening interest rate corridor as well as other aggressive monetary easing measures by the RBI, we have revised our expectations to 75 bps worth of cuts by March 2021, which imply a repo rate of 3.65 per cent and a reverse repo rate of 3.00 per cent," it said.

  • Fitch Solution cuts India's FY21 GDP growth forecast to 1.8% Apr 20, 2020 11:42 AM IST

    Fitch Solution cuts India's FY21 GDP growth forecast to 1.8%

    For India, it said the real GDP growth rate for 2020-21 (April 2020 to March 2021) has been revised down to 1.8 per cent from 4.6 per cent, previously.

  • Coronavirus lockdown | India's fiscal deficit may shoot to 6.2% of GDP in FY21: Fitch Solutions Apr 01, 2020 02:59 PM IST

    Coronavirus lockdown | India's fiscal deficit may shoot to 6.2% of GDP in FY21: Fitch Solutions

    With businesses disrupted due to the lockdown and its ripple effects, revenue will come under "heavy pressure" and may force the government to look towards additional borrowing and/or a higher central bank dividend to fund its expenditure, Fitch Solutions said.

  • Fitch Solutions revises down mineral production growth forecasts for India Apr 01, 2020 11:57 AM IST

    Fitch Solutions revises down mineral production growth forecasts for India

    Despite mining activities remaining operational in India during its 21-day lockdown, most mines are operating at capacities of 40 per cent or less according to local news reports, it said.

  • RBI likely to cut interest rates by 100 bps in FY21: Fitch Solutions Mar 31, 2020 02:35 PM IST

    RBI likely to cut interest rates by 100 bps in FY21: Fitch Solutions

    The Reserve Bank of India (RBI) cut benchmark repurchase (repo) rate by 75 basis points and its reverse repurchase rate by 90 basis points at an emergency meeting on March 27, bringing the rates to 4.40 per cent and 4.00 per cent, respectively, from 5.15 per cent and 4.90 per cent, previously.

  • Fitch Solutions cuts India GDP growth forecast to 4.6% for FY21 Mar 30, 2020 02:43 PM IST

    Fitch Solutions cuts India GDP growth forecast to 4.6% for FY21

    The growth estimate for 2020-21 fiscal (April 2020 to March 2021) compares with a 4.9 per cent forecast in the current 2019-20 that ends on Tuesday.

  • Indian rupee to average at 77 per US dollar in 2020, 80 in 2021: Fitch Solutions Mar 24, 2020 01:57 PM IST

    Indian rupee to average at 77 per US dollar in 2020, 80 in 2021: Fitch Solutions

    Over the short-term horizon, the ongoing global risk-off sentiment and likely steep monetary easing will pressure the rupee weaker, although this would be partially counteracted by a sharp improvement in India's terms of trade due to the plunge in oil prices as a result of the ongoing oil price war.

  • RBI may cut key interest rates by 175 bps in FY21: Fitch Solutions Mar 18, 2020 10:52 AM IST

    RBI may cut key interest rates by 175 bps in FY21: Fitch Solutions

    This would take the policy repurchase (repo) rate to 3.40 percent and 3.00 percent, respectively, from 5.15 percent and 4.75 percent at present.

  • Fitch Solutions cuts India's economic growth forecast to 4.9% for FY20 Mar 02, 2020 01:12 PM IST

    Fitch Solutions cuts India's economic growth forecast to 4.9% for FY20

    India's real GDP growth decelerated to 4.7 percent in the third quarter (October-December) from an upwardly revised 5.1 percent in the second quarter owing to slower government consumption, a steeper contraction in gross fixed capital formation and a smaller net exports contribution.

  • Fitch Solutions says India GDP growth to rebound at slower pace Sep 02, 2019 03:05 PM IST

    Fitch Solutions says India GDP growth to rebound at slower pace

    Fitch Solutions said it was revising its growth forecast to 6.4 percent in FY19/20, down from 6.8 percent previously.

  • Fitch Solutions sees policy uncertainty in oil and gas sector if UPA wins elections Apr 25, 2019 06:23 PM IST

    Fitch Solutions sees policy uncertainty in oil and gas sector if UPA wins elections

    The state-led clean energy push will also impact the fuels sector, where consumption trends are increasingly shifting in favour of lower-sulfur, lower-emission fuels.

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