Fitch lowers India's 2024-25 GDP growth forecast to 6.4%, citing a temporary economic slowdown.

Fitch Ratings has lowered India's GDP growth forecast for 2024-25 to 6.4%, down from 7.0%, following a similar cut by the Reserve Bank of India to 6.6%. Despite the slowdown, Fitch remains optimistic about India's economy, attributing continued growth to domestic demand and policy continuity in areas like infrastructure and digitalization. The Q2 GDP growth of 5.4% reflects a temporary slowdown, but improved bank and corporate health is expected to support future growth.

December 13, 2024
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