Business

Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal

New Delhi: Fitch Monday lowered India’s growth forecast to 6.6 percent for the current fiscal from 6.8 percent projected earlier, as manufacturing and agriculture sectors showed signs of slowing down over the past year.

In its latest Global Economic Outlook, the global rating agency retained its GDP growth forecast for the next fiscal (2020-21) at 7.1 percent and 7.0 percent for 2021-22.

In the last fiscal, Indian economy grew at a 5-year low pace of 6.8 percent.

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