Fitch cuts India’s growth forecast for FY18 to 6.7%

 

Global rating firm Fitch Ratings has reduced India’s gross domestic product (GDP) growth forecast for the fiscal year ending March 2018 (FY18) to 6.7% from 6.9% in September.

Fitch also slashed the FY19 forecast to 7.3% from 7.4%.

India’s GDP growth accelerated to 6.3% from 5.7%

Fitch, however, expects GDP growth to pick up in the next two years.

 

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com
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