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Fitch raises GDP growth estimates for FY24, FY25,

Fitch raises GDP growth estimates for FY24, FY25, tempers view on rate cuts Rating agency Fitch, on Thursday, raised its estimate for India's economic growth for this fiscal year and next due to strong domestic demand and persistent growth in business and consumer confidence levels, but tempered its view on rate cuts. Fitch expects the Indian economy to continue its strong expansion, with real gross domestic product forecast to increase by 7.0 per cent in fiscal 2025, which starts in April, a 50 basis points (bps) increase from its December forecast, it said in a report. India's economy grew 8.4 per cent in the final three months of 2023, its fastest pace in 18 months, led by strong manufacturing and construction activity. ©SHIRSENDU KARMAKAR #GDP_Growth_of_India
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#GDP_Growth_of_India #Thoughts

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