India likely to announce another set of fiscal stimulus measures: Fitch

That could give an indication that another 1 percentage points could come in the months ahead to provide relief for those who need it, Rookmaaker said while addressing a Fitch Ratings webinar

India is very likely to come out with another round of fiscal stimulus package, worth about 1 per cent of GDP in the coming months, Fitch Ratings said on Monday.

Fitch, which last week lowered India's sovereign rating outlook to negative from stable, said it has factored in the outgo for additional fiscal stimulus while deciding on the rating action.

Fitch Director Sovereign Ratings Thomas Rookmaaker said Covid-19 is still in India and it is very likely that the government will have to spend a bit more on fiscal measures to support the economy.

In our forecast we have factored