Fitch raises India’s growth forecast to 7.2%

Fitch Ratings revises India’s growth forecast to 7.2% for FY24/25, citing higher consumer confidence and increased investments. Inflation is expected to decrease to 4.5% by year-end, with RBI likely to cut interest rates. Growth projections align with ADB, S&P, and Moody’s. Indian economy achieved 8.2% growth in the last fiscal year.