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Economy

Fitch gives India BBB- rating, indicates stable outlook

Updated : April 27, 2018 03:22 PM IST

Fitch remains positive on the favourable economic growth outlook, supporting the economy's credit profile. This is despite the real GDP growth falling to 6.6% from the 7.1% estimate in the financial year 2017-2018.
The economy, however, "has weak fiscal finances and some lagging structural factors, including governance standards and a still-difficult, but improving, business environment," the report said.
The Fitch report points that India's rating is based on the balance of a strong medium-term growth outlook and favourable external balances.
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