Next govt with less majority may find challenging to take on reforms: Fitch

Maintaining the country's sovereign rating at the lowest investment grade, Fitch Ratings on Thursday said the next government with likely reduced majority may find it more difficult to gather support for reforms. Fitch projected the economic growth to be 6.8 per cent in 2019-20, lower than RBI's projection of 7.2 per cent. 

"Polls indicate that the next government will likely have a smaller majority in the lower house of parliament, the Lok Sabha, than the current government and it might find it more difficult to garner support for major reforms such as the GST," Fitch said. 

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