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Fitch lowers India's 2024-25 GDP growth forecast to 6.4%
The Business Guardian
|December 14, 2024
Fitch Ratings has revised India's GDP forecast for 2024-25 to 6.4 per cent from its previous estimate of 7.0 per cent.
The downward revision from the rating agency came soon after the Reserve Bank in its latest monetary policy cut growth forecast to 6.6 per cent from 7.2 per cent.
Fitch forecasts India's GDP to expand by 6.4 per cent in the 2024-25 financial year and 6.5 per cent in 2025-26, slowing from the 8.2 per cent pace in 2023-24. However, Fitch in a statement Friday asserted India's economic growth remains strong relative to that of global peers.
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