After a contraction in the current financial year, India's economy is forecast to bounce back with a sharp growth rate of 9.5 per cent next year provided it avoids further deterioration in financial sector health, Fitch Ratings said on Wednesday.

Indian economy to grow at 9.5 per cent in next fiscal: Fitch Ratings

Domestic equity benchmark BSE Sensex rose over 100 points in early trade on Thursday. The 30-share index was trading 122.14 points, or 0.30 per cent, higher at 39,680.

Sensex rises over 100 points ahead of budget

System-wide gross non-performing assets of banks rose to 11.2 per cent or at Rs 10.39 trillion in FY18 from 9.3 per cent a year ago, and the share of public sector banks stood at Rs 8.

Gross NPAs jump to 11.2% or Rs 10.39 trillion in FY18: RBI Report

China is coercing its neighbours to reorder the Indo-Pacific region, the Pentagon told Congress in its annual budget proposals for fiscal 2019, beginning October 1 this year

China coercing neighbours to reorder Indo-Pacific region: Pentagon

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