India's growth rate is likely to inch up to 7.3 per cent in 2019-20, provided that there are normal rains and a stable political outcome of the general elections, Crisil Ratings said Wednesday. India is expected to clock a growth rate of 7.2 per cent in the current financial year, up from 6.7 per cent in 2017-18. "In fiscal 2020, Crisil expects GDP to grow 7.3 per cent on assumptions- normal rains, oil prices lower than 2018, stable political outcome," the rating agency said in its 'India Outlook FY20'. It said with the government likely to stick to a fiscal consolidation path, the pick-up in growth is expected to be only gradual. "A change in the growth mix is on cards, with private sector likely to take over the baton from the government," Crisil said. Stating that fiscal health remains a "key risk", Crisil said the fiscal deficit is likely to be 3.3 per cent of the gross domestic product (GDP) in the next fiscal.