Fitch Ratings upgraded India's GDP growth forecast for FY25 to 7.2% due to improved consumer spending and investments.

Fitch Ratings has upgraded India's GDP growth forecast for the current fiscal year (FY25) to 7.2% from the previously projected 7%, citing a recovery in consumer spending and increased investments. The growth forecasts for the following two fiscal years are 6.5% for FY25-26 and 6.2% for FY26-27. Additionally, Fitch predicts that retail inflation will decline to 4.5% by the end of 2024 and continue to decline to 4.3% in 2025 and 2026.

June 18, 2024
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