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Fitch upgrades India’s FY26 growth estimate to 7.4%
Business Standard
|December 05, 2025
Fitch Ratings raised its growth forecast for the current financial year to 7.4 percent from its earlier 6.9 per cent, citing increased consumer spending and improved consumer sentiment following goods and services tax (GST) reforms.
“Private consumer spending is the main driver of growth this year, supported by strong real income dynamics, increased consumer sentiment, and the impact of recently implemented goods and services tax reforms,” Fitch Ratings stated in its latest Global Economic Outlook on Thursday.
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