Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal

Fitch on Monday lowered India's growth forecast to 6.6% for the current fiscal from 6.8% projected earlier, as manufacturing and agriculture sectors showed signs of slowing down over the past year.

In its latest Global Economic Outlook, the global rating agency retained its GDP growth forecast for the next fiscal (2020-21) at 7.1% and 7.0% for 2021-22.

In the last fiscal, Indian economy grew at a 5-year low pace of 6.8%.