Economy growth could hit 30-year low: Fitch Ratings

New Delhi, 3 April 2020 Friday

"Fitch is suspected of a global recession this year and India's growth forecast for this fiscal year ending March 2021 has been reduced to 2 percent," Fitch Ratings said in a statement.

Fitch Ratings, the world-renowned rating agency, said on Friday that it had cut India's economic growth forecast to two percent.

The lowest level in 30 years, before it was reduced to 5.1, the global economy has been hit by a lockdown following the Covid-19 epidemic. India is not isolated from the impact.

Earlier, Fitch lowered the country's growth forecast to 5.1 percent, which has now been reduced, said NR Bhanumurthy, a professor at the National Public Finance Institute, who said that the current economy would worsen the current economy, saying that after the economic recession, the Indian economy achieved the lowest growth. Can do.