Fitch raises India's growth forecast to 7.2%
Fitch Ratings revises India's growth forecast to 7.2% for FY24/25, citing higher consumer confidence and increased investments. Inflation is expected to decrease to 4.5% by year-end, with RBI likely to cut interest rates. Growth projections align with ADB, S&P, and Moody's. Indian economy achieved 8.2% growth in the last fiscal year.
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Jun 18, 2024
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Fitch Ratings revises India's growth forecast to 7.2% for FY24/25, citing higher consumer confidence and increased investments. Inflation is expected to decrease to 4.5% by year-end, with RBI likely to cut interest rates. Growth projections align with ADB, S&P, and Moody's. Indian economy achieved 8.2% growth in the last fiscal year.
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