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of <h1>India's Economic Forecast Trimmed as Global Trade Tensions Escalate, GDP Growth Estimate Adjusted to 6.4%</h1> Fitch Ratings reduced India's GDP growth estimate by 10 basis points to 6.4% for the current fiscal year due to escalating global trade tensions. The agency lowered world growth projections, citing severe trade war impacts. US-China trade disputes have led to retaliatory tariff increases, with US effective tariff rates reaching historical highs. Despite challenges, India's growth projections for future years remain relatively stable around 6.3-6.4%.
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