business

Why has Fitch Ratings cut our FY12 GDP from 8.3% to 7.7%?

Fitch Ratings has downgraded India's FY12 GDP estimate for the current year from 8.3% to 77%. They find that growth is going through a relatively soft patch but they are fairly positive on the medium-term GDP growth trajectory which it has pegged at 8%.

first published: Jun 22, 2011 01:28 pm