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Fitch says India's reforms could support medium-term growth.
Nov 20, 2020

Ratings agency Fitch has said that economic reforms in India could support the country's medium-term growth.
Fitch expects Indian government to undertake more reform measures over next few years and while it also expects reforms to also take place at state-level.
Foreign brokerage Goldman Sachs earlier this week upgraded its India GDP forecast to a contraction of 10.3% in FY21, as against its earlier estimate of a negative growth of 14.8%. The Reserve Bank expects India's GDP to contract by 9.5% is in the ongoing fiscal because of the impact suffered by the economy during the COVID-19 pandemic.

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