Fitch raises India's GDP forecast to 6.3% for current fiscal year
Fitch Ratings has revised India's economic growth forecast for the fiscal year 2023-24 to 6.3 per cent, up from the earlier estimate of 6 per cent, backed by a robust near-term momentum and a better first quarter outcome. The growth forecast compares with 7.2 per cent GDP expansion in FY23. In the previous fiscal year (FY22), the economy had grown 9.1 per cent.
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