🇮🇳 India
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Fitch cuts FY27 growth projection to 6.4%; US-Iran war to slow down economy
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New Delhi: Fitch Ratings on Tuesday lowered its GDP growth projections for the current fiscal to 6.4 per cent from the earlier estimate of 6.7 per cent, saying that the US-Iran war will slow down the economy in the September and December quarters.Fitch said it expects a slowdown in economic growth in FY27 from the 7.4 per cent clocked in FY26 as rising prices erode real incomes and dampen consumer spending, amid a resilient capital expenditure."We expect GDP growth to ease to 6.4 per cent in FY2
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