Market Watch

Fitch Ratings cuts India growth forecast to 7.2% on higher financing costs

Fitch Ratings Thursday slashed India's GDP growth forecast to 7.2 per cent for current fiscal, from 7.8 per cent projected in September, citing higher financing cost and reduced credit availability. In its Global Economic Outlook released Thursday, Fitch estimated India's GDP growth to be 7 per cent and 7.1 per cent in financial years 2019-20 and 2020-21 respectively.
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