'Growth has repeatedly disappointed': Fitch cuts India GDP outlook to 6.7%

Says pick-up in GDP growth in Q2FY18 has been weaker than expected; FY19 forecast lowered to 7.3% from 7.4% earlier

Days after India's economy showed signs of recovery, Fitch Ratings today cut the country's GDP growth forecast for the current fiscal to 6.7% from the earlier projected 6.9%, saying the rebound was weaker than expected.

It also cut GDP growth forecast for 2018-19 fiscal year to 7.3% from 7.4% predicted in its September Global Economic Outlook (GEO).

Fitch, however, expects GDP growth to pick up in the next two years on back of gradual implementation of the structural reform agenda and higher real disposable income.

"The Indian economy picked up in 3Q17 (July-September), with GDP growing by 6.3% year-on-year, up