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Fitch Ratings on Thursday maintained India's sovereign rating at "BBB-", the lowest investment category with a stable outlook, saying the risks to the macroeconomic outlook were significant.
In a statement, Fitch said he expects India's real GDP growth of 7.8 percent during the fiscal year ended March 31, 2019, compared with 6.7 percent over the same period last year. of the 2017-2018 fiscal year.
But for the next two years, growth could slow to 7.3% due to "negative risks related to tighter financial conditions, weak financial sector balance sheets and international oil prices."
"Risks The macroeconomic outlook is significant and includes a decline in credit growth, resulting from new problems in the banking or shadow banking sector," he said.
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