The modest growth rate is based on the rationale that clients may delay discretionary IT spending due to economic uncertainties
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Fitch finds that the improved target partly reflects a large dividend from the Reserve Bank of India, received in May
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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.
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Fitch expects India's medium-term growth to hover around a trend estimate of 6.2 per cent through FY28, despite the slimmer majority
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