Global rating agency Fitch Ratings raised India’s growth forecast for the next financial year (FY25) to 7% from 6.5% estimated earlier.

Economy Business

Global rating agency Fitch Ratings raised India’s growth forecast for the next financial year (FY25) to 7% from 6.5% estimated earlier. Fitch projects consumer inflation in the country at 4.0% by the end of the year. Another ratings agency Moody's pegged the economic growth at 6.4% in 2025 while revising its forecast for the current year to 6.8% from 6.1%. The revision by Fitch comes roughly two weeks after official data showed the country's GDP expanded 8.4% in the October-December period, boosted by double-digit expansion in the manufacturing sector. That was much higher than an average estimate of 6.6% by most economists.


     

     

     

 

     


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