Fitch firm lowers GDP forecast to six-year low at 6.7%
The agency does not see private investment, one of the key drivers of economic growth, picking up anytime soon as manufacturing sector capacity utilisation has hovered in the range of 70-76 per cent since FY14 and unless it reaches optimum level, no company would make investments. Further, the stress in the real estate sector continues.
The agency does not see private investment, one of the key drivers of economic growth, picking up anytime soon as manufacturing sector capacity utilisation has hovered in the range of 70-76 per cent since FY14 and unless it reaches optimum level, no company would make investments. Further, the stress in the real estate sector continues.
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