UBS cuts India GDP growth forecast to 5.1% for FY21 on fears around coronavirus outbreak, weak domestic credit growth
The GDP growth is set to slip to a decadal low of 5 percent for FY20 as per official estimates and hopes of a revival are being pinned on the next fiscal
India's overall growth was "too much" driven by domestic demand, which resulted in double digit growth of imports, and 4-5% growth in exports
Fitch lowers India growth forecast to 7.2% for current fiscal; rupee to weaken to 75 vs dollar by end of 2019
It said GDP growth “softened quite substantially” in July-September quarter of current fiscal growing by 7.1 percent, as against 8.2 percent in April-June.