Fitch Cuts India Growth Forecast to 7.2% for FY19

  • Fitch Ratings has cut India growth forecast for the financial year 2018-19 to 7.2 percent from 7.8 percent In its latest Global Economic Outlook, due to higher financing costs and reduced credit availability
  • The rating agency has estimated the country to grow at 7.1 percent from 7.3 percent for 2019-20.
  • For fiscal 2020, growth is pegged at 7 percent versus earlier expectation of 7.3 percent.