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Fitch lowers India’s economic growth projections to 7.8%

Industry Economy

According to Fitch, a global rating agency, India’s economic growth has projected to 7.8 per cent for the current fiscal from 8 per cent on pick up in demand. However, it expects India’s GDP growth rate this year to surpass China’s for the first time since 1999, forecasting acceleration to 8.1 per cent in 2016-17 before settling back to 8.0 per cent in 2017-18.

Extracted from HBL, July 02,’15

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