Fitch forecasts 6.9% growth for India but expects momentum to ease
Fitch has raised its projection for India’s economic growth to 6.9 per cent for the current fiscal year. The ratings agency said momentum was likely to moderate over the rest of the year. The supplied material does not give the earlier forecast or explain the reasons for the expected slowdown.
Fitch has raised its projection for India’s economic growth to 6.9 per cent for the current fiscal year, according to NDTV. The ratings agency nevertheless expects India’s economic momentum to moderate during the remaining months of the fiscal year. The supplied material does not state the previous growth forecast or explain why Fitch expects activity to slow.
It also provides no details of the agency’s assumptions about consumption, investment, exports, inflation or interest rates. The revised estimate and the warning about moderating momentum present two parts of Fitch’s assessment: stronger projected growth for the fiscal year as a whole, but less pace later in the period. No response from the Indian government, businesses or other forecasters is included in the available report.
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