India Ratings and Research lowered India growth forecast for the current fiscal from 7.4% to which revised percentage?

Introduction / Context:
This question focuses on current affairs related to the Indian economy and rating agencies. Growth forecast revisions by agencies such as India Ratings and Research are important indicators of economic sentiment and are frequently asked in banking and government exams.

Given Data / Assumptions:

• An initial growth forecast of 7.4% for India was made for a particular fiscal year.
• India Ratings and Research later lowered this forecast.
• The question asks for the revised percentage value.
• The options provide four close numerical figures and one additional distractor, all expressed in percent form.

Concept / Approach:
Such questions require precise factual recall from economic news. The examiner expects candidates to have followed reports on GDP growth projections by major rating agencies. India Ratings and Research reduced its forecast from 7.4% to 6.7% due to factors like slower investment, global conditions and domestic policy changes. The approach is to remember the key revised figure and avoid confusion with slightly different numbers used by other agencies.

Step-by-Step Solution:
Step 1: Note that the original forecast mentioned is 7.4%.Step 2: Recall that India Ratings and Research cut its forecast for that fiscal year to 6.7%.Step 3: Recognise that other agencies may have used figures like 6.9% or 6.3%, but the specific combination of 7.4% reduced to 6.7% is associated with India Ratings and Research.Step 4: Compare this recalled figure with the options.Step 5: Select 6.7% as the revised forecast.

Verification / Alternative check:
Economic news summaries and exam oriented current affairs compilations record that India Ratings and Research revised India GDP forecast for that year downward to 6.7%. Question banks used for bank and SSC exams reproduce the same pair of numbers, 7.4% and 6.7%, reinforcing this association. This consistency across multiple sources confirms the answer.

Why Other Options Are Wrong:
6.3% and 6.4% were used by other organisations or in different contexts, not in this specific revision from 7.4% by India Ratings and Research.
6.6% is a close distractor but does not match the figure used by this particular agency in this case.
6.9% is linked with projections by another rating agency, which adds to the potential confusion but is not correct here.

Common Pitfalls:
The main difficulty is mixing up numbers released by different institutions such as the World Bank, International Monetary Fund or other rating agencies. Candidates sometimes remember only that the forecast was reduced and guess roughly, which can lead to selecting 6.9% or 6.6% instead of 6.7%. Careful reading of current affairs and making small notes on important numerical revisions help avoid such errors.

Final Answer:
India Ratings and Research lowered the growth forecast from 7.4% to 6.7% for that fiscal year.