Fitch today projected India's economic growth to rise to 7.3 per cent next fiscal and further to 7.5 per cent in 2019-20.
In its Global Economic Outlook report, the US-based agency forecast Indian economy to clock a growth rate of 6.5 per cent this fiscal, a tad lower than official estimates by the Central Statistics Office (CSO) of 6.6 per cent. The economy grew 7.1 per cent in 2016-17.
According to Fitch, the pick up in growth is likely as "the influence of one-off policy-related factor which was dragging growth has now waned."
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