Global leader in credit ratings and research, Fitch Ratings has said in its latest special report on the newly rolled-out Goods and Services Tax (GST) that the tax regime is probable to have a negative impact on the SME sector. “India’s new Goods and Services Tax (GST) is likely to have a b…
Tag: Fitch Ratings
Credit growth to industry below zero, first in decade
Bank credit to the industrial sector, which continued at an elevated rate of over 20 per cent on an average until four years ago and was in double digits until the month of July 2014, has slipped into the negative in August 2016 — the first time it has done so in at least a […]
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Unbanked population to spur growth of fintech firms in Asia-Pacific| Fitch Ratings
Large unbanked population in countries such as India, and the emergence of tech-savvy middle classes in countries such as China, Indonesia and the Philippines, will offer significant growth opportunities for financial technology (fintech) companies, according to Fitch Ratings. Observing that tech…