Fitch raises India's GDP forecast to 6.3% for current fiscal year
Thursday, 22 June 2023 Fitch Ratings on Thursday raised its forecast for India's economic growth to 6.3 per cent for current fiscal year 2023-24 from 6 per cent it had predicted previously. This is primarily because of a stronger outturn in the first quarter and near-term momentum. The growth forecast compares with 7.2 per cent GDP expansion in FY23.
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The World Bank has recently released its Global Economic Prospects report. It has raised its 2023 global growth forecast as the US and other major economies have proven more resilient than its earlier..
Fitch further said that GDP growth in January-March was higher than expected, saying there has been a recovery in manufacturing after two consecutive quarterly... Zee News
The Indian economy is expected to clock a higher growth of 6.3 per cent — one of the highest in the world — in current fiscal year aided by sustained... IndiaTimes