Key Points
Fitch Ratings, Thursday, raised Indias FY25 growth forecast to 7% from 6.5% projected earlier, projecting investment to be a significant driver of growth...
Domestic demand, especially investment, will be the main driver of growth, amid sustained levels of business and consumer confidence, the global ratings agency noted..
Indias economy recorded an over 8% growth rate in the first three quarters of the year, buoyed by double digit manufacturing and investment growth in the previous two quarters...
Our forecasts imply that growth in the short term will outpace the economys estimated potential, and that the pace of growth of activity will then moderate towards trend, it said.. Inflation is likely to cool down to 4% by the end of next fiscal and stay there by FY26..
We expect headline inflation to steadily decrease to 4% by calendar year-end on the assumption that recent food price volatility will subside, Fitch said...
