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.


NewsBarons is now active on WhatsApp. To receive news and updates on your handset, please click here and press send to subscribe.

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.