Fitch Ratings raises India's 2024/25 GDP forecast to 7.2%.

Economy Business

India is expected to grow by 7.2% in the current fiscal year, stronger than earlier expected, with its central bank opting for just a one-quarter-point rate cut in that period, Fitch Ratings said in its quarterly Global Economic Outlook (GEO) report published on Tuesday.


      The ratings agency has also raised its world growth forecast for 2024 to 2.6% from 2.4% earlier as confidence in European recovery prospects improve.

      China's export sector revives and domestic demand in emerging markets excluding China shows stronger momentum.

     

 

     


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