The US ratings agency has projected growth of China to slow down at 4.5 per cent due to declining exports and reduced government spending.
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Fitch Ratings says, the upcoming budget in July is likely to offer clearer insights into the government's economic reform strategies and fiscal objectives for the next five years
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Fitch expects India's medium-term growth to hover around a trend estimate of 6.2 per cent through FY28, despite the slimmer majority
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The rating agency noted that the advisories being put out by the RBI concerning non-bank financial institutions (NBFIs) in the recent past have highlighted the compliance gaps in the sector
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