Fitch ups India growth forecast to 7.4% for FY19, cites rising oil prices as risk
The economy grew at 6.7 per cent in 2017-18 and 7.7 per cent in January-March quarter. Fitch said the Indian rupee has been one of the worst performing currencies in Asia this year, although the depreciation was more muted than during the 2013 taper-tantrum episode.
Fitch also said the near-term global growth prospects remain robust despite rising trade tensions and political risks. Image source: PTI