Current Affairs Telugu Daily
Fitch Ratings lowers India GDP forecast from 6.9% to 6.7%
Global rating firm Fitch Ratings has cut India’s gross domestic product (GDP) growth forecast for the fiscal year ending March 2018 (FY18) to 6.7 percent from its earlier projection of 6.9 per cent in September, saying that the rebound in the economy was “weaker than expected”.
The cut in GDP growth estimate by Fitch has come after US rating firm Moody’s upgraded India’s sovereign rating for the first time in 13 years recently.
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