Fitch Ratings on Friday said it has changed its outlook for India's sovereign rating from negative to stable. Giving reasons for this, the report said that due to the rapid economic recovery in the country, the risk of a slowdown in growth in the medium term has reduced. However, the rating agency retained India's sovereign rating at 'BBB'.
In its report released on Friday, the rating agency said that the revision in outlook reflects our view that despite the sharp shocks in global commodity prices, economic recovery in India and reduction in financial sector vulnerabilities will help in growth in the medium term. The risk of falls is reduced. However, the agency has lowered the economic growth forecast for the current fiscal to 7.8 percent. Earlier this estimate was put at 8.5 percent.
Also Read: ICICI Bank: After RBI, ICICI Bank gave a setback, increased interest rates by 0.50 percent
Indian Government's Digital Strike: Banned 348 Mobile Apps, Some Of It Made In China
The Indian government has blocked more than 300 mobile apps. According to the PTI report, the Indian government has identified 348 mobile apps made in different countries of the world including China
Nupur Sharma Case: Bhim Army Chief Satpal Tanwar was arrested, and announced a reward of one crore rupees for biting Nupur's tongue
Bhim Army chief Nawab Satpal Tanwar has been arrested by the police for threatening former BJP spokesperson Nupur Sharma. The arrest took place from Tanwar's residence in Gurugram. Tanwar had
Salman Khan firing case: 5th accused caught from Rajasthan, had helped the shooters by giving money and doing recce; demand for custody
Big news has come out in the firing case of Bollywood actor Salman Khan's residence. Mumbai Crime Branch on Tuesday arrested the 5th accused in this case from Rajasthan. The name of the accused is
International Yoga Day 2023: Most people are unaware of these benefits of yoga, scientists have agreed that its benefits are miraculous.
Yoga is considered beneficial for our overall health. People generally believe that yoga only keeps mental health right, but researchers have found that regular yoga can be of special benefit in
Assam Board 12th Result: Assam Board 12th result soon, know how to check your scorecard
Assam Board 12th Result: Assam Higher Secondary Education Council (AHSEC) can announce the result of the class 12th board examination in the state soon. According to various media reports, the result
SSC CGL Final Revised Results: SSC CGL Final Revised Result released, candidates who failed earlier have now passed.
SSC has released the CGL Final Revised Result (SSC CGL 2023 Final Revised Results). The revised result of the Combined Graduate Level Examination (CGLE), 2023) final result has been released by the
COVID Update: 609 new cases of coronavirus reported in 24 hours, 3 patients died; Mock drill started in some states
Covid cases have started declining once again in the country. The Health Ministry said on Friday that 609 new cases of Covid have been registered in India, while the number of active cases of
Electric vehicles policy is ready in 18 states, know! How is the car market changing?
In the last few years in India, the central government has not only emphasized increasing the connectivity and speed of the country, but the government is also moving rapidly towards electric fuels
A team of women peacekeepers from India reached Abei, working in violence-affected area will be a big challenge
The UN peacekeeping chief on Monday welcomed the deployment of the largest contingent of women peacekeepers from India in Abyei. During this, he said that women soldiers mean efficient operations.
ISRO to launch commercially, LVM3 to launch 36 OneWeb satellites on 23 October
Indian Space Research Organization (ISRO)'s heaviest rocket LVM3 will launch 36 broadband satellites of British start-up OneWeb from the spaceport in Sriharikota, Andhra Pradesh on October 23, marking