 "economy, consumption, demand")
Fitch Ratings on Friday cut India's GDP growth forecast for 2019-20 fiscal year to 4.6 per cent, citing weakening business and consumer confidence.
It affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook. Fitch said growth will gradually recover to 5.6 per cent in FY21 and 6.5 per cent in the following year with support from easing monetary and fiscal policy and structural measures.
"Our outlook on India's GDP growth is still solid against that of peers, even though growth has decelerated significantly over the past few quarters, mainly due to domestic factors, in particular a squeeze
