Fitch cuts India's FY27 growth to 6.4%
Synopsis Fitch Ratings has reduced India's GDP growth projection to 6.4 percent for the current fiscal year. The US-Iran war is expected to slow economic
Synopsis Fitch Ratings has reduced India's GDP growth projection to 6.4 percent for the current fiscal year. The US-Iran war is expected to slow economic activity in the September and December quarters.
Rising prices will dampen consumer spending. For FY28, growth is expected to pick up to 6.7 percent. Fitch also anticipates the Reserve Bank of India
will increase interest rates.
The BriefWire