14 December, Mumbai
India will continue to have good growth despite subdued prospect for the Asia Pacific region amid likely increase in US rates, dollar strength, and lower commodity prices, Fitch said while retaining India’s rating.
Gobal rating agency has retained the India’s sovereign rating at BBB-/Stable — the lowest investment grade.
Fitch expects that Emerging Asia growth to decrease to 6.3 percent in 2016 from 6.5 percent.
In its report ‘Emerging Asia Sovereign Outlook 2016’, Fitch said excluding the two giants China and India, the region is likely to increase 5.2 per cent in 2016 from 5 percent, the fastest of any emerging region.