https://www.taxtmi.com/news?id=41213 Fitch Ratings lowered India's near term GDP forecasts by 10 basis points-to 6.4 per cent for the current fiscal and to 6.2 per cent for the prior fiscal-citing a severe escalation in the global trade war. The agency linked the downgrade to policy uncertainty that dents business investment, equity declines that reduce household wealth, and retaliatory trade measures that harm exporters. Fitch simultaneously cut global growth projections and flagged sharply higher effective tariff rates, notably elevated US tariffs on China, as a principal driver of its downward revisions. en-us Thu, 17 Apr 2025 11:16:02 +0530 Thu, 17 Apr 2025 11:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41213 Fitch Ratings lowered India's near term GDP forecasts by 10 basis points-to 6.4 per cent for the current fiscal and to 6.2 per cent for the prior fiscal-citing a severe escalation in the global trade war. The agency linked the downgrade to policy uncertainty that dents business investment, equity declines that reduce household wealth, and retaliatory trade measures that harm exporters. Fitch simultaneously cut global growth projections and flagged sharply higher effective tariff rates, notably elevated US tariffs on China, as a principal driver of its downward revisions. News - Thu, 17 Apr 2025 11:16:02 +0530 https://www.taxtmi.com/news?id=41213