Fitch forecasts India’s FY25 GDP growth at 7% on demand boost

Fitch highlighted brightened prospects for emerging markets, especially India.
Revises India’s growth forecast for fiscal 2025 (FY25) upward to 7 per cent.
Revision attributed to robust domestic demand, sustained growth in both business and consumer confidence.
Revised China’s 2024 growth forecast downward to 4.5 per cent from earlier estimate of 4.6 per cent.

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