Fitch Cuts India GDP Growth Forecasts

In FY26, the Indian economy is expected to grow at 6.4%, down from 6.5% Fitch Ratings had projected in Mar

- Gireesh Chandra Prasad

Fitch Ratings on Thursday lowered India's economic growth forecast for the financial year that ended in March as well as the current fiscal by 10 basis points each, while making a sharp 40 basis-point cut in its global growth estimate for the current year in response to the severe escalation in the global trade war.

The rating agency said India's economy is forecast to have grown at 6.2% in FY25, down from the 6.3% it had projected last month.