Fitch increases its prediction for GDP growth in FY25 to 7% from 6.5% previously; retail inflation is predicted to reach 4% by year's end.
The projection of India's economic growth for the fiscal year 2025 has been raised from 6.5% to 7% by the global rating agency Fitch. Fitch predicted that rising investment and robust domestic demand would underpin India's economic expansion.
By the end of 2024, retail inflation is expected to drop to 4%, according to the rating agency. Between July and December, the Reserve Bank of India (RBI) is expected by Fitch to reduce the repo rate by 0.5%.
About two weeks have passed since the National Statistical Office (NSO) released official data indicating that the GDP of the nation increased by 8.4% between October and December. As a result, Fitch has revised its projection, which has grown as a result of the mining and industrial industries' improved performance.
The manufacturing growth rate for the October–December quarter was 11.6%.
YoY growth in mining improved from -1.4% to 7.5%.
On a yearly basis, manufacturing growth decreased to 11.6% from 4.8%.
The yearly growth rate in construction stayed at 9.5%.
The projection of India's economic growth for the fiscal year 2025 has been raised from 6.5% to 7% by the global rating agency Fitch. Fitch predicted that rising investment and robust domestic demand would underpin India's economic expansion.
By the end of 2024, retail inflation is expected to drop to 4%, according to the rating agency. Between July and December, the Reserve Bank of India (RBI) is expected by Fitch to reduce the repo rate by 0.5%.
About two weeks have passed since the National Statistical Office (NSO) released official data indicating that the GDP of the nation increased by 8.4% between October and December. As a result, Fitch has revised its projection, which has grown as a result of the mining and industrial industries' improved performance.
The manufacturing growth rate for the October–December quarter was 11.6%.
YoY growth in mining improved from -1.4% to 7.5%.
On a yearly basis, manufacturing growth decreased to 11.6% from 4.8%.
The yearly growth rate in construction stayed at 9.5%.
