Fitch Raises India's GDP Growth Forecast For FY25 To 7.2%, Aligns With RBI's Expectations

Fitch Raises India's GDP Growth Forecast For FY25 To 7.2%, Aligns With RBI's Expectations

The rating agency said in its report that recovery in consumer spending and increasing investment trends are the main factors for this update.

IANSUpdated: Tuesday, June 18, 2024, 01:09 PM IST
article-image

Global rating agency Fitch on Tuesday raised India's GDP growth forecast for FY25 to 7.2 per cent, from 7 per cent.

The rating agency said in its report that recovery in consumer spending and increasing investment trends are the main factors for this update. Fitch said in its global outlook report, "We expect the Indian economy to grow by a strong 7.2 per cent in FY25."

The estimate released by Fitch states that the Indian economy may grow at 6.5 per cent and 6.2 per cent in FY26 and FY27 respectively.

The estimate released by Fitch states that the Indian economy may grow at 6.5 per cent and 6.2 per cent in FY26 and FY27 respectively. |

The estimate released by Fitch states that the Indian economy may grow at 6.5 per cent and 6.2 per cent in FY26 and FY27 respectively.

The rating agency said in its outlook,

The rating agency said in its outlook, "Investments will continue to rise but it will be slow in comparison to recent quarters while consumer spending will recover with elevated consumer confidence." |

The rating agency said in its outlook, "Investments will continue to rise but it will be slow in comparison to recent quarters while consumer spending will recover with elevated consumer confidence."

The rating agency says that the retail inflation rate may come down to 4.5 per cent at the end of this year.

The rating agency says that the retail inflation rate may come down to 4.5 per cent at the end of this year. | File

The rating agency says that the retail inflation rate may come down to 4.5 per cent at the end of this year.

It is estimated to be 4.3 per cent in 2025 and 2026.

Earlier, the World Bank raised India's GDP growth forecast to 6.6 per cent from 6.4 per cent.

RECENT STORIES

Microsoft Lays Off 9,000 Employees; Another Round Of Job Cuts Resumes, Microsoft Gaming Employees...

Microsoft Lays Off 9,000 Employees; Another Round Of Job Cuts Resumes,
Microsoft Gaming Employees...

Market Outlook: Technical Call of the Day & Top 5 Stocks in Focus for 3rd Jul 2025

Market Outlook: Technical Call of the Day & Top 5 Stocks in Focus for 3rd Jul 2025

Thousands To Lose Jobs: Microsoft Hits Workforce With Another Massive Layoff In Just Months

Thousands To Lose Jobs: Microsoft Hits Workforce With Another Massive Layoff In Just Months

Starlink Free To Roll Out India Services Once In-SPACe Approvals Are Done: Union Minister...

Starlink Free To Roll Out India Services Once In-SPACe Approvals Are Done: Union Minister...

Gold Extends Gain For 2nd Straight Day, Climbs ₹500 Per 10 Grams; Silver Trades Flat

Gold Extends Gain For 2nd Straight Day, Climbs ₹500 Per 10 Grams; Silver Trades Flat