The correct answer is 7. 8%. Fitch Ratings has revised the outlook on India's long-term foreign-currency issuer default rating (IDR) to stable, from negative, and has affirmed the rating at 'BBB-'. Fitch forecasts India's GDP growth to remain robust at 7. 8% in FY23. However, it is a downward revision from its 8. 5% forecast in March 2022 due to global commodity price shocks. Important PointsThe Reserve Bank of India retained its GDP growth forecast at 7. 2 for the current fiscal but cautioned against negative spillovers of geopolitical tensions and a slowdown in the global economy. It expects inflation to remain elevated in FY23 at 6. 9%, due to the sharp rise in global commodity prices and underlying demand pressures. The Reserve Bank of India (RBI) lifted its policy repo rate by 90bp to 4. 90% in just over a month, signalling its growing concerns that inflation could exceed its 2%-6% target band for a sustained period.