'Economy to grow 7.4% in FY17, will touch 8% in FY19'
Global agency Fitch Ratings on Monday projected that the Indian economy will grow at 7.4% in 2016-17 and touch 8% growth only in 2018-19. Further, it also predicted that the RBI will cut interest rates by 0.25% before 2016-end. Fitch said it expects the benefits of reforms and the impact of monetary easing to kick in with a lag.