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Covid-19: Fitch cuts India's FY21 GDP growth forecast to 1.8% from 4.6%

Fitch Solutions also anticipated a deeper contraction in fixed investments as businesses choose to cut back on capital expenditure to conserve cash amid elevated economic uncertainty

Topics
Indian Economy | Economic slowdown | Coronavirus

Agencies 



Growth, GDP, IIP, Results, Economy, Reforms, Investment, Invest, Investors, returns, negative
The slow roll-out of fiscal stimulus by the central government will only exacerbate India's economic woes, Fitch said.

Solutions on Monday cut India's economic growth forecast for the financial year 2020-21 to 1.8 per cent. It said that the private consumption is likely to contract due to large-scale loss of income in the face of worsening domestic outbreak of Covid-19.

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First Published: Mon, April 20 2020. 11:41 IST

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