Key Points
India's estimate has been increased by 70 basis points to 6.2 per cent, while China's has been lowered to 4.6 per cent from 5.3 per cent.. )..
Fitch Ratings has raised India's medium-term potential growth estimate while reducing China's, according to a recent special report...
When considering the potential growth for emerging markets as a whole (EM10), including China, Fitch now estimates an average GDP-weighted potential growth of 4.0 per cent, down from the previous estimate of 4.3 per cent...
If China is excluded from the calculation, the GDP-weighted average potential growth for the EM9 is 3.2 per cent, an increase from the previous estimate of 3.0 per cent...
Incorporating structural shocks and adjustments to future growth projections, the estimated potential GDP for the EM10 nations by 2027 is projected to be 3.0 percentage points below the trajectory implied by extending pre-pandemic potential growth estimates from 2019...
You might be interested in
India surpasses China's growth rate...it will continue doing so : European Parliament policy expert
09, Apr, 24India's GDP growth exceeded China's annually for the past few years, with India's growth averaging over 7.5 per cent in 2023, while China's is 5.2 per cent. India's GDP is also expected to reach 7 per cent by 2026, while China is expected to reach 4.6 per cent. The IMF projects China's 2024 growth at 4.6 per cent, declining towards 3.5 per cent in 2028.
Fitch revises India FY24, FY25 GDP forecast upwards, expects economy to continue 'strong expansion'
14, Mar, 24Fitch Ratings revised India's GDP growth forecast upwards for FY24 to 7.8% and for FY25 to 7.0%, citing strong economic expansion driven by domestic demand, particularly investment. Meanwhile, it downgraded China's 2024 forecast to 4.5%, attributing it to property sector challenges and deflationary pressures, despite increased fiscal support.
Fitch raises India's mid-term growth forecast to 6.2%; China's woes hit brakes for emerging markets
06, Nov, 23India growth outlook, India GDP: Fitch Ratings has raised India's medium-term potential growth estimate to 6.2%, attributing it to a swift recovery in labor force participation rates. However, Fitch has reduced the growth estimate for 10 emerging markets, including China, citing weaker employment and capital deepening prospects. Excluding China, the GDP-weighted average potential growth for EM9 improves to 3.2%
India confident of 7% growth for FY2024. GDP estimates to be out today
05, Jan, 24An increased estimate of annual gross domestic product is widely expected after the Reserve Bank of India (RBI) revised its own growth forecast last month to 7% for the current fiscal year, from an earlier estimate of 6.5%.
Fitch raises India’s FY24 GDP growth forecast to 6.3%
25, Jun, 23The upgrade also comes at a time when India is facing a number of challenges, including slowing global trade and rising inflation.
Fitch affirms India's sovereign rating on robust growth outlook, flags weak finances
09, May, 23India Business News: NEW DELHI: Fitch on Tuesday affirmed India's sovereign rating at 'BBB-' with a stable outlook, on robust growth and resilient external finances, but s.
Fitch affirms India’s rating at ‘BBB-’: Is it good or bad for economy?
09, May, 23Global agency Fitch Ratings recently affirmed India's rating at 'BBB-' with a stable outlook. Read on to find out what this rating means for India's economy.