Fitch revises India's GDP forecast to -9.4% for FY21

Fitch Ratings has raised India's GDP forecast to -9.4 percent in the current fiscal year to March 2021. The contraction was previously projected to be 10.5 percent.
In its Global Economic Outlook, Fitch said the coronavirus recession has inflicted severe economic scarring and the country needs to repair balance sheets and increase caution about long-term planning.