देश में PM Modi के नेतृत्व में NDA Govt ने अपना काम काज शुरू कर दिया है और देश का Union Budget पेश करने की तैयारी भी शुरू हो गई है. इस बीच सरकार के लिए अमेरिका से गुड न्यूज आई है. दरअसल Global Rating Agency Fitch Ratings ने मंगलवार को FY2024-2025 के लिए India Growth Rate में बदलाव करते हुए इसे बढ़ा दिया है. जहां भारत के लिए अच्छी खबर है वहीं, China Economy के लिए फिच की तरफ से झटका देने वाली खबर आई है. क्या कुछ अनुमान है फिच का चलिए जानते हैं.
#fitchratings #fitchagency #indiagrowthforecast #indianeconomy #indiaGDP
~PR.147~ED.148~
#fitchratings #fitchagency #indiagrowthforecast #indianeconomy #indiaGDP
~PR.147~ED.148~
Category
🗞
NewsTranscript
00:00In the leadership of PM Modi, the NDA government has started its work and preparations have also begun to present the union budget of the country.
00:08Meanwhile, a good news has come from America for the government.
00:12In fact, the global rating agency Fitch Ratings has increased it by making amendments to the India growth rate for the current FY 2024-2025 on Tuesday.
00:23Where there is good news for India, there is shocking news from Fitch for the China economy.
00:29Let's know about Fitch Ratings in this video.
00:32Hi, this is Bhavna and you are watching GoodReturns.
00:34First of all, let's know about Fitch Ratings.
00:38Fitch Ratings is such a rating agency that reflects the credit opinion in the future on the basis of its rating.
00:45This company has also expressed its opinion on the growth rate of India.
00:49Fitch has increased the estimate of India's economic growth by 0.2%.
00:54In March, Fitch Ratings announced an estimate of 7% growth.
01:00Now, it is said that the Indian economy will grow by 7.2%.
01:05The same belief has been shown that there may be an increase in spending and investment in India.
01:11Let me tell you that in the last financial year, i.e. 2023-2024, the Indian economy has grown by 8.2%.
01:18In addition to increasing India's GDP growth estimate, Fitch has also announced an estimate of 6.5% for FY25-26 and 6.2% for FY26-27.
01:31Earlier, the RBI's monetary policy also announced an estimate of India's economic growth, in which the country's economy can remain 7.2%.
01:40The rating agency has said that growth will continue in investment, but in comparison to recent quarters, this growth may remain slightly low, while increasing consumer confidence will improve consumer spending.
01:53The data of the Purchasing Manager Survey also indicates continuous growth at the beginning of the current financial year.
02:01It has been said that in the coming monsoon season, the signs of normal living will increase growth and make inflation less unstable.
02:09However, recent extreme heat has created a risk somewhere.
02:15If we talk about the last financial year, as I told you, then the Indian economy had increased by 8.2%, but now there has been a slight increase due to the increase in heat.
02:28In comparison to the previous financial year, it has decreased a little, but Fitch has kept its estimate positive.
02:34On the other hand, the RBI announced that it will not make any changes to the repo rate for the 8th time in a row.
02:45The RBI said that the war is still going on with inflation, however, India's retail inflation has been below 5% for 3 months in a row.
02:54Fitch estimates that 25 basis points can be cut in the repo rate in the future.
03:01So, as you know, it's about India, now Fitch has made a prediction about the rest of the economy.
03:09Fitch has expressed doubts about the decline in the global economy.
03:13He has said that the world's growth rate will decrease to 2.4%.
03:17The reason behind this has been said by Fitch, that the growth rate of America will come down by 1.5% and the growth in the euro zone will increase by 1.5%.
03:29According to the rating agency, China's growth rate will remain at 4.2% next year due to a decrease in government spending.
03:38So, on the one hand, after the arrival of the Modi government, all the rating agencies are giving a positive outlook on India.
03:46So, there is a decrease in the growth rate of China and other countries.
03:51What do you think? Do tell us by commenting.
03:54If you are watching this video on Facebook, then like the Facebook page.
03:57If you are watching on YouTube, then don't forget to subscribe to the channel.