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FINANCIAL NEWS IN A NUT SHELL

Yatheendradas C.k. at 10:02 PM - Dec 06, 2018 ( ) Views: 98

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The finance ministry said the assessment
of growth and inflation made by the RBI's
Monetary Policy Committee is line with
government's reading. RBI Governor Urjit
Patel-headed MPC has kept the key
lending rate unchanged. The panel
retained its GDP growth projection of the
current fiscal at 7.4% and expects
inflation to remain well below the
mid-term target of 4%. -Moneycontrol.com


Fitch Ratings has revised downwards
India’s GDP growth forecast to 7.2% for
the current fiscal citing higher financing
cost and reduced credit availability. In its
Global Economic Outlook, Fitch has
projected that for 2019-20 and 2020-21
financial years, India’s GDP growth will
be 7% and 7.1%, respectively. In June, it
had projected India’s growth rate at 7.4%
for the current fiscal and 7.5% for
2019-20. -Business Line


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