News > Fitch upgrades India outlook to stable from negative

Fitch upgrades India outlook to stable from negative

Fitch Ratings revised India’s outlook from ‘negative’ to ‘stable’ on Friday, June 10, 2022, citing fading downside risks to medium-term growth thanks to a rapid economic recovery and easing of weaknesses in the financial sector.

The global rating firm has, however, lowered its GDP growth forecast for 2022-23 from 8.5% projected in March to 7.8% due to the impact of inflation on the growth momentum.