Crisil has lowered its gross domestic product (GDP) forecast for this fiscal to 6.9%, 20 basis points lower than its earlier projection. This is marginally higher than the 6.8% GDP growth last fiscal, but lower than the 14-year average of 7%. Credit rating agency Crisil, in its report released on Thursday, listed out some of the reasons for the slowdown.

ICRA, too, has flagged concerns