Fitch raises India's GDP growth forecast to 6.9%, first global agency to do so

Global rating agency Fitch Ratings has raised India's GDP growth forecast to 6.9 per cent for the current fiscal year, citing strong June quarter growth and domestic consumption-led demand. Earlier, it had projected it to be 6.5 per cent. Fitch is the first global rating agency to have upped India's GDP growth estimates for current fiscal year after the string of downward revisions by various agencies earlier this year due to trade and tariff uncertainties.

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