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flag Fitch lowers India's GDP growth forecast to 6.3%, citing tariff risks for some exports.

flag 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. flag Domestically focused sectors like oil, gas, cement, and utilities are expected to remain stable, supported by local demand. flag 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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