The US ratings agency has projected growth of China to slow down at 4.5 per cent due to declining exports and reduced government spending.
Read MoreFitch Ratings says, the upcoming budget in July is likely to offer clearer insights into the government's economic reform strategies and fiscal objectives for the next five years
Read MoreFitch expects India's medium-term growth to hover around a trend estimate of 6.2 per cent through FY28, despite the slimmer majority
Read MoreThe rating agency noted that the advisories being put out by the RBI concerning non-bank financial institutions (NBFIs) in the recent past have highlighted the compliance gaps in the sector
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