AMN / New Delhi
Another international rating agency, Fitch Ratings on Monday cut down India’s GDP growth forecast for the current fiscal to 6.7 per cent from the earlier projected 6.9 per cent.
Even after rebound in the Q2 of the current fiscal as announced by the National Statistical Commission (NSC) of India, while downgrading the GDP forecast for India, Fitch Rating said that the rebound was weaker than expected.
But Fitch expected that GDP growth will pick up in the next two years on back of gradual implementation of the structural reform agenda and higher real disposable income.
