Fitch retains India growth forecast at 7 pc for this fiscal, cuts projections for next 2 years

Fitch on Tuesday retained India’s economic growth forecast at 7 per cent for the current fiscal, saying India could be one of the fastest-growing emerging markets this year. It, however, cut the projections for the next two financial years, stating that even though the country is shielded to some extent from global economic shocks but is not impervious to global developments.