Global rating agency Fitch has revised India’s growth forecast for the current fiscal year upward, from 6.5 per cent to 6.9 per cent. The revision is supported by strong domestic demand, rising consumer spending, and supportive financial conditions.
Fitch Ratings stated the reform of India’s Goods and Services Tax will be credit positive for rated Indian companies. It is expected to stimulate consumption and reduce risks to the economic growth outlook, even as higher US tariffs threaten export demand.
According to Fitch, annual growth in India is likely to hit 6.3 per cent in Financial year 2027, with the economy operating slightly above its potential.
The agency also noted that the Reserve Bank of India is likely to cut rates by 25 basis points towards the end of this year. Meanwhile, Fitch projects global growth at 2.3 per cent in 2026, driven by stronger momentum from China and the Eurozone.
Must Read
- Advertisement -
