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Fitch affirms India's sovereign rating at 'BBB-'

Fitch forecasts India's real GDP growth to accelerate to 7.7% in FY17

Abhijit Lele  |  Mumbai 

Global rating agency Fitch Ratings has affirmed India's long-term foreign- and local-currency rating at 'BBB-'. The Outlook on ratings is stable. India's sovereign ratings balance a strong medium-term growth outlook and favourable external balances with a weak fiscal position and difficult business environment, Fitch said in a statement on Tuesday. However, the business environment is likely to gradually improve with the implementation and continued broadening of the government's structural reform agenda. India's positive economic growth outlook ...

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First Published: Tue, May 02 2017. 20:29 IST
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