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22.06.2020 / 14:25

India very likely to announce another set of fiscal stimulus measures: Fitch

NEW DELHI : India is very likely to come out with another round of fiscal stimulus package, worth about 1 per cent of GDP in the coming months, Fitch Ratings said on Monday.Fitch, which last week lowered India's sovereign rating outlook to negative from stable, said it has factored in the outgo for additional fiscal stimulus while deciding on the rating action.Fitch Director Sovereign Ratings Thomas Rookmaaker said COVID-19 is still in India and it is “very likely" that the government will have to spend a bit more on fiscal measures to support the economy.“In our forecast we have factored in a larger stimulus package, not just 1 per cent of GDP of fiscal measures that have been announced so far.

Fitch Ratings city New Delhi India covid-19 pandemic economy Government

COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
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