Fitch cuts India’s GDP growth forecast to 8% from 9.5% for FY22

Fitch cuts India’s GDP growth forecast to 8% from 9.5% for FY22, in its June update of Global Economic Outlook report. Fitch retained its projection of Indian economy contracting by 5 per cent in the current fiscal. Meanwhile, Fitch projected the Indian economy to grow 5.5 per cent in 2022-23.

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