News > Fitch cuts India’s economic growth forecast to 7 percent in 2022-23
Fitch cuts India’s economic growth forecast to 7 percent in 2022-23
Huntdailynews | 15/09/2022 10:43 AM | Click to read full article
Global rating agency Fitch has lowered India's economic growth forecast for fiscal 2022-23 (FY23) as measured by gross domestic product (GDP) to 7 per cent from its June 2022 estimate of 7.8 per cent.
It now expects the GDP to slow further to 6.7 per cent in FY24 as compared to its earlier forecast of 7.4 per cent.