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Fitch Raises India's GDP Growth Forecast For FY24, FY25

A man walks between the buildings at a commercial centre in New Delhi

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.

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