Fitch raises India's average growth potential to 6.4% till 2028

Fitch Ratings ups India’s growth potential to 6.4 pc over next 5 years

New Delhi: Global rating agency Fitch Ratings on Thursday raised India’s GDP growth potential by 0.2 percentage points to 6.4 per cent over the next five years, on the back of a sharper rise in the country’s labour force participation rate in recent years. Fitch highlighted that the revised estimate for India shows a stronger contribution from labour inputs, mainly total employment, rather than labour productivity. At the same time, the global r…

Fitch raises India's average growth potential to 6.4% till 2028

‘The Indian economy bounced back more strongly than we expected at the time of the 2023 report, suggesting a less adverse “scarring” impact from the pandemic shock,’ Fitch said while updating the five-year-ahead potential GDP projections.

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India’s economy is expected to grow faster than previously estimated, with Morgan Stanley upgrading its GDP growth forecast for FY26 to 6.2%, up from 6.1%, due to sustained strength in domestic demand and easing global trade tensions. The revision signals optimism about India’s economic momentum, particularly on the back of public spending, private consumption, and supportive policy frameworks. According to Upasana Chachra, Chief India Economist…

Fitch Ratings ups India’s growth potential to 6.4 pc over next 5 years - tennews.in: National News Portal

New Delhi, May 22 (IANS) Global rating agency Fitch Ratings on Thursday raised India’s GDP growth potential by 0.2 percentage points to 6.4 per cent over the next five years, on the back of a sharper rise in the country’s labour force participation rate in recent years. Fitch highlighted that the revised estimate for India […] The post Fitch Ratings ups India’s growth potential to 6.4 pc over next 5 years appeared first on tennews.in: National N…

Fitch Ratings ups India’s growth potential to 6.4 pc over next 5 years - The Press United | International News Analysis, Viewpoint

Global rating agency Fitch Ratings on Thursday raised India’s GDP growth potential by 0.2 percentage points to 6.4 per cent over the next five years, on the back of a sharper rise in the country’s labour force participation rate in recent years. Fitch highlighted that the revised estimate for India shows a stronger contribution from labour inputs, mainly total employment,…