Fitch Ratings raises India's economic growth forecast to 6.3 percent for current fiscal year

Fitch Ratings raises India's economic growth forecast to 6.3 percent for current fiscal year

• Fitch Ratings has raised India's GDP forecast to 6.3 percent from 6 percent for current fiscal year. This is primarily because of a stronger out-turn in the first quarter and near-term momentum.
• The GDP growth in January-March was higher than expected and there has been a recovery in manufacturing, a boost from construction and an increase in farm output. The rating agency has estimated a growth of 6.5 per cent each for 2024-25 and 2025-26 financial years.

Also Read: May Weekly Current Affairs (National) Bitbank: Where was India's first cable-stayed rail bridge, Anji Khad Bridge, installed?

                         >> Download Current Affairs PDFs Here

                              Download Sakshi Education Mobile APP

Published date : 22 Jun 2023 06:22PM