Fitch lowers India’s growth forecast to 6%

Global rating agency Fitch has scaled down India’s growth to 6 from earlier 6.5 per cent. This revision has been done along with China.

The agency in its Global Economic Outlook report said: “Both regional giants face a deteriorating global growth outlook with diminished willingness or capacity to respond with domestic policy loosening, compared with 2009.”

Recently global rating agencies like Standard & Poor’s and others lowered the growth forecast for India.

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