Fitch cuts FY27 growth projection to 6.4%; U.S.-Iran war to slow down economy
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Summary
Fitch said it expects a slowdown in economic growth in FY27 from the 7.4% clocked in FY26 as rising prices erode real incomes and dampen consumer spending, amid a resilient capital expenditure
Key Facts
Type Policy
Source The Hindu - Business
Published Tuesday, 9 June 2026
Affected Population 1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Rs 15,000 crore for Digital India initiatives
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right