Fitch raises India growth forecasts

AMID HEIGHTENED GLOBAL uncertainties triggered by the US-Israel war with Iran, Fitch Ratings on Friday raised its growth forecasts for India by 0.1 percentage point (pp) to 7.5% for 2025-26 and by 0.3 pp to 6.7% for 2026-27, from its December projections.

- FE BUREAU

The rating agency said domestic demand will anchor the economy in the current fiscal, with consumer spending estimated to grow 8.6% and investment rising 6.9%.

Fitch said though there are tentative signs of slowing activity in January and February, including in PMI surveys, the broader economy remains resilient, and credit growth continues to be in double digits.