MUMBAI (Reuters) - Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6% earlier, on the back of robust growth in the first quarter and strong
While highlighting the economy's resilience and impending private sector investment growth, the ratings agency also highlights an uneven reform record of the Indian govt.
Capex was flat over FY19 to FY21 and grew 16% in FY22. The forecasts are for 8 state owned enterprises and 21 privately held Fitch-rated corporates in India.
The Securities and Exchange Board of India (SEBI) cancelled the certificate of registration of the credit rating agency due to repeated lapses in the functioning.
Swiss bank UBS Group expects S&P Global Ratings & Fitch Ratings to lower their outlook on the rating to negative from stable over the next couple of months.
LPG supply eased for more industries, govt says coal gasification is next growth avenue. Centre welcomes US-Iran ceasefire but asks Indians to leave Iran.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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