Fitch Ratings Revises India's GDP Growth Forecast to 7.2% for FY25
| Aspect | Details |
|---|---|
| India's GDP Growth (FY25) | Fitch revised India's GDP growth forecast to 7.2% (up from 7%). |
| FY24 Growth | India's economy grew by 8.2% in FY24. |
| Key Drivers | Recovery in consumer spending and continued investment (albeit slower). |
| Global Growth Forecast | Raised to 2.6% for 2024 (up from 2.4%). |
| Comparison with Others | Aligns with RBI's 7.2%; IMF & ADB revised to 7%; S&P projects 6.8%. |
| Monsoon & Inflation | Normal monsoon expected to support growth; heatwaves pose risks. |
| Future Growth Projections | FY25/26: 6.5%, FY26/27: 6.2%. |
| ** central bank policy** | RBI maintained policy rate at 6.5%; expected to cut to 6.25% in 2024. |
| Global Monetary Trends | ECB, US Fed, and Bank of England expected to cut rates; inflation persists. |