Fitch downgrades India's outlook to 'negative'
Ratings agency Fitch has cut its outlook for the Indian economy to negative,
saying the country's growth faces "heightened risks".
Fitch warned India's growth potential "will gradually deteriorate if further
structural reforms are not hastened".
It also added that the government had made little progress on reducing its
deficit.
The downgrade comes just days after Standard & Poor's warned that India
could lose its investment grade status.
"India also faces structural challenges surrounding its investment climate
in the form of corruption and inadequate economic reforms," Fitch said in a
statement late on Monday.
http://www.bbc.co.uk/news/business-18501201
Goanet News Service
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