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flag Fitch lowers India's 2024-25 GDP growth forecast to 6.4%, citing a temporary economic slowdown.

flag Fitch Ratings has lowered India's GDP growth forecast for 2024-25 to 6.4%, down from 7.0%, following a similar cut by the Reserve Bank of India to 6.6%. flag Despite the slowdown, Fitch remains optimistic about India's economy, attributing continued growth to domestic demand and policy continuity in areas like infrastructure and digitalization. flag The Q2 GDP growth of 5.4% reflects a temporary slowdown, but improved bank and corporate health is expected to support future growth.

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