Fitch Ratings increased India’s growth forecast for the current fiscal year to 7.2 per cent, up from 7 per cent projected in March. This revision is due to a recovery in consumer spending and increased investment. Fitch Ratings quarterly Global Economic Outlook report published today also depicted raised the world growth forecast for 2024 to 2.6 per cent from 2.4 per cent. Confidence in European recovery prospects has improved and China’s export sector is experiencing a revival. Domestic demand in emerging markets, excluding China, shows stronger momentum. These factors highlight a positive outlook for global economic growth in the coming year.
Site Admin | June 18, 2024 2:02 PM
Fitch Ratings increases India’s growth forecast for current fiscal year to 7.2% from 7%
