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India's economy poised for recovery supported by COVID-19 vaccine rollout: Fitch Ratings

Shortpedia

Content Team
Image Credit: shortpedia

Fitch Ratings expects India's economy to contract by a record 9.4 per cent in the current fiscal year ending March 2021 (FY21) amid the shock from coronavirus pandemic but this represents a 1.1 percentage point improvement from its our previous forecast, reflecting a stronger-than-anticipated rebound in 3Q 2020. Risks to the growth outlook appear to have eased in recent weeks as vaccine rollouts began in other parts of the world.