New Delhi, Oct 29 (UNI) India’s gross domestic product (GDP) growth this fiscal is projected at 6.5 per cent, with risks tilted to the downside, according to a CRISIL report, released today. This is mainly driven by strong domestic consumption, a good monsoon, tax relief, and anticipated interest rate cuts.

Pointing towards the downside, CRISIL noted that exports to the United States (US) shrank by 11.9 pc year-on-year in September as higher tariffs kicked in. The rating agency also showed some optimism if a trade deal with the US were concluded soon.

Also, the rating agency attributed the subdued growth in primary goods, which led to the steady industrial growth as measured by the Index of Industrial Production (IIP) at 4pc year-on-year in September from 4.1pc in August.

The Credit Ra

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