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Fitch cuts India GDP growth forecast for FY20 to 6.8%

Fitch Ratings on Friday cut India's GDP growth forecast for the next fiscal to 6.8% from 7% estimated earlier due to higher economic slowdown. The slowdown in manufacturing activity and to some extent in agriculture has slowed the economic momentum. In its latest Global Economic Outlook, Fitch also slashed GDP growth forecast for current fiscal ending March 2019 to 6.9% from 7.2% projected in the December edition.

Read More at CNBC TV18 News date : 22 Mar 2019, Friday

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