Fitch lowers India's FY23 GDP growth forecast to 7% from 7.8%


Fitch expects the Indian economy to slow down and said in a statement released late on Wednesday that it would cut the country's gross domestic product growth forecast for the current fiscal year through March 2023 to 7% from 7.8%. It also projected a further slowdown in growth to 6.7% in FY24 from its earlier estimate of 7.4%.