Fitch Rating

Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.

Global rating agency Fitch today raised India's GDP growth forecast for FY25 to 7.2 per cent, from 7 per cent.

Fitch Ratings on Tuesday raised India's growth forecast for current fiscal to 7.2 per cent, from 7 per cent projected in March, citing a recovery in consumer spending and increased investment.

Ratings agency Fitch said Wednesday it had downgraded China's sovereign credit outlook to negative, citing increased risks to the country's public finances, in a move Beijing swiftly called "regrettable".

Fitch Ratings on Thursday retained India's growth forecast for the current fiscal at 6.3 per cent saying the Indian economy continues to show resilience despite tighter monetary policy and weakness in exports, but upped year-end inflation projection on El Nino threat.

Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.

Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.

Fitch Ratings on Thursday raised its forecast for India's economic growth to 6.3 per cent for current fiscal year 2023-24 from 6 per cent it had predicted previously.

Fitch Ratings today said the recent search by the enforcement directorate at gold-backed lender Manappuram Finance highlights corporate governance challenges that can arise in emerging markets like India.

Fitch Ratings on Tuesday affirmed India's sovereign rating with a stable outlook saying the country has a robust growth outlook and resilient external finances.

The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.

The earthquake that has devastated Turkey and Syria could cause economic losses exceeding $4 billion, ratings agency Fitch said on Thursday.

Ratings agency Fitch added that it expected no material changes to Adani Group's cash flow forecast.

The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.

Credit demand is expected to stay robust into the next financial year if economic expansion continued, Fitch said.

Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.

Global rating agency Fitch today raised India's GDP growth forecast for FY25 to 7.2 per cent, from 7 per cent.

Fitch Ratings on Tuesday raised India's growth forecast for current fiscal to 7.2 per cent, from 7 per cent projected in March, citing a recovery in consumer spending and increased investment.

Ratings agency Fitch said Wednesday it had downgraded China's sovereign credit outlook to negative, citing increased risks to the country's public finances, in a move Beijing swiftly called "regrettable".

Fitch Ratings on Thursday retained India's growth forecast for the current fiscal at 6.3 per cent saying the Indian economy continues to show resilience despite tighter monetary policy and weakness in exports, but upped year-end inflation projection on El Nino threat.

Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.

Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.

Fitch Ratings on Thursday raised its forecast for India's economic growth to 6.3 per cent for current fiscal year 2023-24 from 6 per cent it had predicted previously.

Fitch Ratings today said the recent search by the enforcement directorate at gold-backed lender Manappuram Finance highlights corporate governance challenges that can arise in emerging markets like India.

Fitch Ratings on Tuesday affirmed India's sovereign rating with a stable outlook saying the country has a robust growth outlook and resilient external finances.

The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.

The earthquake that has devastated Turkey and Syria could cause economic losses exceeding $4 billion, ratings agency Fitch said on Thursday.

Ratings agency Fitch added that it expected no material changes to Adani Group's cash flow forecast.

The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.

Credit demand is expected to stay robust into the next financial year if economic expansion continued, Fitch said.