Fitch Ratings has revised its GDP growth estimates for India for the fiscal years 2024 and 2025, indicating a positive outlook for the country's economy. The global rating agency has raised its projections for India's economic growth, signaling confidence in the nation's recovery trajectory.
For the fiscal year 2024, Fitch now expects India's GDP to grow at a higher rate than previously anticipated. This upward revision reflects Fitch's assessment of the improving economic conditions and the resilience shown by the Indian economy in the face of challenges.
Similarly, Fitch has also raised its GDP growth forecast for the fiscal year 2025, indicating sustained growth momentum in the medium term. The revised estimates suggest that India's economy is poised for continued expansion and development in the coming years.
Despite the upward revision in GDP growth estimates, Fitch has lowered its expectations for a rate cut in India. This adjustment may reflect Fitch's assessment of the evolving monetary policy landscape and the potential factors influencing interest rate decisions in the country.
The revised outlook from Fitch underscores the positive sentiment surrounding India's economic prospects and its ability to navigate through challenges. The upward revision in GDP growth estimates for the next fiscal years reflects Fitch's confidence in India's economic resilience and growth potential.
Overall, Fitch's latest assessment signals a favorable outlook for India's economy, highlighting the country's progress and potential for sustained growth in the medium to long term.
