Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Fitch Keeps India's Sovereign Rating Unchanged at BBB-

In a statement, Fitch said it expects India's real GDP growth to rise to 7.8 per cent in the fiscal year ending March 31, 2019, from 6.7 per cent in FY2017-18.

PTI

Updated:November 15, 2018, 6:05 PM IST
facebookTwitterskypewhatsapp
Fitch Keeps India's Sovereign Rating Unchanged at BBB-
Representative image
Loading...

New Delhi: Fitch Ratings on Thursday kept India's sovereign rating unchanged at 'BBB-', the lowest investment grade with a stable outlook, saying risks to the macroeconomic outlook are significant.

In a statement, Fitch said it expects India's real GDP growth to rise to 7.8 per cent in the fiscal year ending March 31, 2019, from 6.7 per cent in FY2017-18.

But for the following two financial years, it said, the growth may decelerate to 7.3 per cent due to "downside risks from tightening financial conditions, weak financial-sector balance sheets and high international oil prices".

"Risks to the macroeconomic outlook are significant, and include a drop in credit growth, resulting from further problems in the banking or shadow-banking sector," it said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 67.75 -4.85
Maruti Suzuki 6,227.10 0.58
Indiabulls Hsg 508.55 -2.46
SBI 279.85 -1.36
Tata Motors 115.90 -6.42
Company Price Change %Gain
Maruti Suzuki 6,229.00 0.49
Yes Bank 67.80 -4.84
Abbott India 8,996.05 -0.02
Sterling & Wils 700.05 -3.49
NMDC 86.90 -3.61
Top Gainers
Company Price Change %Gain
Hero Motocorp 2,697.70 1.07
Eicher Motors 16,055.00 1.00
Infosys 799.00 0.79
Kotak Mahindra 1,513.85 0.58
Maruti Suzuki 6,227.10 0.58
Company Price Change %Gain
Hero Motocorp 2,695.70 0.99
Infosys 799.30 0.81
HUL 1,854.65 0.74
Kotak Mahindra 1,513.70 0.50
TCS 2,198.50 0.52
Top Losers
Company Price Change %Gain
Tata Motors 115.90 -6.42
Yes Bank 67.75 -4.85
Tata Steel 345.85 -3.46
BPCL 331.15 -3.24
Grasim 709.10 -2.76
Company Price Change %Gain
Tata Motors 115.85 -6.42
Yes Bank 67.80 -4.84
Tata Steel 345.80 -3.49
Vedanta 138.75 -2.53
ONGC 122.00 -2.44

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results