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Fitch lowers India's GDP growth forecast to 6.3%, citing tariff risks for some exports.
Fitch Ratings has lowered India's GDP growth forecast for the current fiscal year to 6.3%, citing limited direct impacts from higher US tariffs due to low US export exposure.
Domestically focused sectors like oil, gas, cement, and utilities are expected to remain stable, supported by local demand.
However, the report warns of potential risks for IT, auto, and pharmaceutical exports due to tariff uncertainty and possible US policy shifts, which could affect pricing and volatility in steel and chemicals.
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Fitch baja el pronóstico de crecimiento del PIB de la India al 6,3%, citando riesgos arancelarios para algunas exportaciones.