Fitch India Growth Forecast

Fitch raises India's growth estimates for FY25 to 7.2% as investments rise

Fitch Ratings on Tuesday raised India's growth forecast for current fiscal to 7.2 per cent, from 7 per cent projected in March, citing a recovery in consumer spending and increased investment. For the fiscal years 2025-26 and 2026-27, Fitch projected growth rates of 6.5 per cent and 6.2 per cent, respectively. "We expect the Indian economy to expand by a strong 7.2 per cent in FY24/25 (an upward revision of 0.2 pp from the March GEO)," Fitch said in its global economic outlook report. Fitch's estimates are in line with that of RBI which earlier this month projected Indian economy to expand 7.2 per cent in the current fiscal on the back of improving rural demand and moderating inflation. Investment will continue to rise but more slowly than in recent quarters, while consumer spending will recover with elevated consumer confidence, it said. Fitch said purchasing managers survey data point to continued growth at the start of the current financial year. It said signs of the coming mo

Sustained fiscal deficit reduction positive for India's ratings: Fitch

Fitch Ratings said in a press statement that this dividend would help India in meeting the fiscal deficit target of 5.1 per cent of GDP for FY25

Rating agencies cautious on India's sovereign credit profile post-Budget

Fitch Ratings said that though the interim budget presented was broadly in line with the expectations, it won't change the sovereign credit profile from 'BBB-' with a stable outlook

India's economic growth prospects have brightened, says Fitch Ratings

Agency says robust growth outlook offset by weak public finances

Top headlines: Fitch affirms India's sovereign rating, FAME subsidy row

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Fitch affirms India's sovereign rating at 'BBB-' on robust growth outlook

Fitch Ratings on Tuesday affirmed India's sovereign rating with a stable outlook saying the country has a robust growth outlook and resilient external finances. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook," it said in a statement, adding strong growth potential is a key supporting factor for the sovereign rating. "India's rating reflects strengths from a robust growth outlook compared with peers and resilient external finances, which have supported India in navigating the large external shocks over the past year," Fitch Ratings said. However, these are offset by India's weak public finances, illustrated by high deficits and debt relative to peers, as well as lagging structural indicators, including World Bank governance indicators and GDP per capita, it added. The agency has kept kept India's credit rating unchanged at 'BBB-' -- the lowest investment grade rating -- since August 2006. Fitch Ratings fore

Fitch affirms India at 'BBB-', says medium-term growth outlook is key

Fitch said India's rating reflects strengths from a robust growth outlook compared to peers and still-resilient external finances

Fitch retains India's growth forecast at 7%, cuts projections for 2 yrs

Fitch Ratings on Tuesday retained India's economic growth forecast at 7 per cent for the current fiscal, saying India could be one of the fastest-growing emerging markets this year. It, however, cut the projections for the next two financial years, stating that even though the country is shielded to some extent from global economic shocks but is not impervious to global developments. In its December edition of the Global Economic Outlook, Fitch projected India's GDP to grow at 7 per cent in the current fiscal and slow to 6.2 per cent in 2023-24 and 6.9 per cent in 2024-25. In September, Fitch had projected 7 per cent growth for the current fiscal, followed by 6.7 per cent in 2023-24 and 7.1 per cent growth in 2024-25. Given the stronger-than-expected outturn, Fitch forecasts growth at 7 per cent in the financial year ending March 2023 (FY23). "India is expected to record one of the fastest growth rates among emerging markets in our Fitch20 coverage this year," it said. India is .

Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices

The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation

Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices

The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation

Fitch cuts India's FY22 GDP forecast to 8.7%, but pegs FY23 growth at 10%

Fitch Ratings said India''s 'BBB-/Negative' sovereign rating 'balances a still-strong medium-term growth outlook and external resilience from solid foreign against high public debt, a weak financial

Fitch affirms India's rating at 'BBB-'; outlook negative due to Covid surge

A resurgence in Covid-19 in the country has increased downside risks to growth

Fitch revises Indian GREs', HPCL's outlook to negative; IDRs at BBB-minus

Fitch has also revised the outlook on Hindustan Petroleum Corporation to negative from stable and affirmed the long-term IDR at BBB-minus

Fitch revises India outlook to negative from stable; affirms IDR at 'BBB-'

Fitch expects economic activity to contract by 5% in the fiscal year ending March 2021 (FY21) from the strict lockdown measures imposed since 25 March 2020, before rebounding by 9.5% in FY22

India's rating could come under pressure if fiscal outlook worsens: Fitch

Fitch had in December 2019 reaffirmed India's 'BBB-' rating with a stable outlook

India's GDP growth rebound expected to be weaker: Fitch Solutions

India's real GDP growth slumped further in Q1 of FY2019/20 (AprilMarch) to 5 per cent year-on-year, from 5.8 per cent in Q4

Fitch ups India's growth forecast to 7.4% for FY19; crude remains a risk

It also said that the rupee has been among the worst performers vis-a-vis Asian currencies this year.

Fitch refuses to upgrade India's credit ratings for the 12th year in a row

The government had made a strong pitch to Fitch Ratings for an upgrade after rival Moody's Investors Service last November gave the country its first sovereign rating upgrade since 2004

'Growth has repeatedly disappointed': Fitch cuts India GDP outlook to 6.7%

Says pick-up in GDP growth in Q2FY18 has been weaker than expected; FY19 forecast lowered to 7.3% from 7.4% earlier