Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth outlook.
GDP expansion will pick up to 6.2 per cent in the next financial year (2020-21) and to 6.7 per cent in the year after.
While India might get occasional inflows, India Ratings noted that global capital inflows are unlikely to pick up sustainably.
India's real GDP growth slumped in Q1 of FY2019/20 (April-March) to 5 pc year-on-year, from 5.8 pc in Q4 (January-March) FY2018/19.
Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.
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