Fitch Ratings on Friday cut India’s GDP projections for the current fiscal to 6.3 per cent and said it expects a limited direct impact of higher US tariffs on Indian corporates. In its Global Economic Outlook in April, Fitch had estimated India’s GDP growth at 6.4 per cent for 2025-26. “We expect India’s GDP growth of 6.3 per cent and robust infrastructure spending to underpin healthy demand for cement and building materials, electricity, petroleum products, steel, and engineering and construction (E&C) companies during FY26,” Fitch said in its India Corporates Credit Trends report released on Friday.