<ul><li>Fitch Ratings has lowered India's GDP growth estimate for the current fiscal year to 6.4%, citing concerns over a severe escalation in the global trade war.</li><li>The projections for the next financial year remain unchanged.</li><li>Fitch also lowered its global growth projections for 2025 by 0.4 percentage points and cut growth estimates for China and the US by 0.5 percentage points from its March GEO.</li><li>The US GDP growth rate is expected to stay positive at 1.2% for 2025, while China's growth is projected to fall below 4% and growth in the eurozone is anticipated to remain below 1%.</li></ul>

Fitch Ratings Lowers India's Growth Forecast Amid Global Trade War Escalations

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