Fitch slashes India’s FY23 GDP growth forecast to 7 pc

Fitch Ratings on Thursday slashed its India’s economic growth forecast for current fiscal year to 7 per cent from previous estimate of 7.8 per cent.

Fitch said compared to its June forecast of 7.8 per cent growth, it now expects the economy to grow 7 per cent in 2022-23, with next fiscal year also slowing to 6.7 per cent from earlier estimate of 7.4 per cent.

Also read: Govt reducing compliances in food processing sector: Union minister