Goldman Sachs and Fitch Ratings on Tuesday forecast a deeper-than-previously estimated economic recession for India in fiscal year 21, arguing that limited fiscal support, fragilities in the financial system and a continued rise in coronavirus cases are hampering a rapid normalization of economic activity. Investment bank Goldman Sachs anticipates that …
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Global rating and research houses such as Fitch and Goldman Sachs have cut their estimates of growth for India’s gross domestic product (GDP) for the current fiscal year 2020-21 (FY21). While Fitch now expects the country’s GDP to contract 10.5 percent in fiscal year 21 compared to its previous estimate …
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NEW DELHI: Supreme Court decision to allow telcos to pay outstanding fees for 10 years will not be enough to help Vodafone Idea to stabilize their position, while Jio and Airtel they are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. In addition, he said …
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