Which of the following rating agencies projected India gross domestic product (GDP) growth rate at 6.9% for the financial year 2017 to 2018?

Introduction / Context:
This question is based on economic current affairs relating to international rating agencies and their forecasts for India. Many exams test whether candidates remember which agency gave which growth projection, because such figures reflect confidence in the country macroeconomic prospects.

Given Data / Assumptions:

• The time frame is financial year 2017 to 2018.
• The key figure is a GDP growth projection of 6.9% for India.
• The options list various rating agencies and financial firms.
• We assume the question refers to a widely reported forecast used in exam preparation material.

Concept / Approach:
To answer this, it is important to distinguish between different agencies like Fitch Ratings, Moody group, ICRA, Nomura and others. Each organisation issues its own forecast based on global and domestic conditions. For that period, Fitch Ratings projected India GDP growth at about 6.9% after considering the impact of policy moves such as the goods and services tax and earlier demonetisation. The strategy is to recall this matching of 6.9% with Fitch rather than with other names.

Step-by-Step Solution:
Step 1: Note the question asks specifically who projected 6.9% growth for financial year 2017 to 2018.Step 2: Recall from current affairs that Fitch Ratings lowered or set its forecast for India around 6.9% for that year.Step 3: Recognise that Nomura and other agencies often had slightly different numbers in the seven percent range.Step 4: Compare this recollection with the options provided.Step 5: Select Fitch Ratings as the correct answer.

Verification / Alternative check:
Exam oriented magazines and online question banks for that year record questions that pair 6.9% with Fitch Ratings when asking about India GDP forecast. This pairing appears repeatedly and is rarely associated with the other agencies listed, which confirms that Fitch Ratings is the intended correct answer for this item.

Why Other Options Are Wrong:
Nomura did issue forecasts for India growth but the most quoted numbers were slightly different from 6.9% for that particular year.
Onicra is a domestic rating agency and is not usually cited in international economic news for India overall GDP forecasts.
ICRA also provides ratings and analysis but was not the main global agency tied to the 6.9% forecast in common exam material.
Moody Analytics is included as a distractor because it is another famous international firm, but its forecast did not match this exact figure for the period referred.

Common Pitfalls:
Candidates often mix up projections of different agencies because they tend to fall in a narrow band around similar numbers. Without careful reading of current affairs, it is easy to attribute 6.9% to the wrong organisation. Another issue is assuming that domestic agencies such as ICRA are more likely to be cited, whereas exam questions often focus on large global names like Fitch and Moody. Creating a small table of important forecasts and agencies is a helpful revision strategy.

Final Answer:
The agency that projected India GDP growth at 6.9% for financial year 2017 to 2018 was Fitch Ratings.