Indian economy to bounce back with sharp growth rate of 9.5% in next fiscal: Fitch Ratings

After a contraction in the current financial year, India's economy is forecast to bounce back with a sharp growth rate of 9.5 per cent next year provided it avoids further deterioration in financial sector health, Fitch Ratings said on Wednesday. The coronavirus pandemic will lead to shrinking of the already slowing economy in 2020-21 that started in April. Fitch Ratings forecast a 5 per cent contraction in the GDP in the ongoing financial year. ► Subscribe to The Economic Times for latest video updates. It's free! - http://www.youtube.com/TheEconomicTim... ► More Videos @ ETTV - http://economictimes.indiatimes.com/TV ► http://EconomicTimes.com ► For business news on the go, download ET app: https://etapp.onelink.me/tOvY/Economi... Follow ET on: ► Facebook -   / economictimes   ► Twitter -   / economictimes   ► LinkedIn -   / economictimes   ► Instagram -   / the_economic_times   ► Flipboard - https://flipboard.com/@economictimes The Economic Times | A Times Internet Limited product