Wednesday, July 30, 2025
spot_img

Fitch raises India’s GDP growth forecast for FY25 to 7.2 pc

Date:

Share post:

spot_imgspot_img

 

New Delhi, June 18: Global rating agency Fitch on Tuesday raised India’s GDP growth forecast for FY25 to 7.2 per cent, from 7 per cent.

The rating agency said in its report that recovery in consumer spending and increasing investment trends are the main factors for this update.

Fitch said in its global outlook report, “We expect the Indian economy to grow by a strong 7.2 per cent in FY25.”

The estimate released by Fitch states that the Indian economy may grow at 6.5 per cent and 6.2 per cent in FY26 and FY27 respectively.

The rating agency said in its outlook, “Investments will continue to rise but it will be slow in comparison to recent quarters while consumer spending will recover with elevated consumer confidence.”

The rating agency says that the retail inflation rate may come down to 4.5 per cent at the end of this year. It is estimated to be 4.3 per cent in 2025 and 2026.

Earlier, the World Bank raised India’s GDP growth forecast to 6.6 per cent from 6.4 per cent.

–IANS

avs/uk

spot_imgspot_img

Related articles

SC declines to defer framing of charges against Lalu Prasad Yadav in land-for-job scam

New Delhi, July 30: The Supreme Court on Wednesday declined to direct a Delhi trial court to defer...

HYC objects to Hek’s comment on MRSSA

Shillong, July 30: The Hynniewtrep Youth Council (HYC) has strongly objected to Cabinet Minister Alexander Laloo Hek’s recent...

No PM Modi-Trump call during Operation Sindoor, confirms EAM Jaishankar

New Delhi, July 30: During a Rajya Sabha debate on Operation Sindoor, External Affairs Minister (EAM) S. Jaishankar...

Fuel your motivation with curiosity and purpose: Minister Bora addresses RGU Deeksharambh

Guwahati, July 30: The Assam Royal Global University (RGU) today inaugurated ‘Deeksharambh’, a comprehensive 21-day Student Induction Programme...