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India's medium-term growth to slow to around 6.5% after initial rebound: Fitch

Shortpedia

Content Team
Image Credit: shortpedia

The Indian economy will suffer a lasting damage from coronavirus crisis and after an initial strong rebound in fiscal year ending March 2022, the growth will slow to around 6.5 per cent a year over FY23 to FY26, according to Fitch Ratings. A combination of supply-side scarring and demand-side constraints -- like the weak state of financial sector -- will keep the level of GDP well below its pre-pandemic path, it said.