Fitch Ratings recently revised India’s GDP growth forecast for FY26 to 7.4 per cent from 6.9 per cent earlier.
Private consumer spending is the main driver of growth in the country this fiscal, “supported by strong real income dynamics, increased consumer sentiment, and the impact of recently implemented goods and services tax reforms,” it said.
It expects India’s FY27 growth to ease to 6.4 per cent.
Private consumer spending is the main driver of growth in the country this fiscal, “supported by strong real income dynamics, increased consumer sentiment, and the impact of recently implemented goods and services tax reforms,” it said.
It expects India’s FY27 growth to ease to 6.4 per cent.
