Fitch cuts India GDP growth forecast for FY20 to 6.8%

Global rating agency Fitch has cut its India’s Gross domestic product(GDP) growth forecast to 6.8% for 2019-20 from the earlier estimate of 7%.It was cut due to weak momentum in manufacturing and agriculture.However,it said India’s economic growth is expected to be 7.1% in 2020-21. The weak momentum has been due to (a)credit availability has tightened… Continue reading Fitch cuts India GDP growth forecast for FY20 to 6.8%