New Delhi, May 22 -- Global rating agency Fitch Ratings has raised India's medium-term growth potential by 0.2 percentage points to 6.4 per cent, while it has reduced China's growth projection by 0.3 per cent to 4.3 per cent from 4.6 per cent.

The changes are part of Fitch's revised assessment of potential GDP growth for 10 emerging market economies over the next five years.

In its latest report, Fitch said, "Our estimate of India's trend growth is slightly higher at 6.4 per cent, compared with 6.2 per cent previously. We think TFP growth will slow from recent years to be in line with its long-run average of 1.5 per cent."

The revision comes on the back of a sharper rise in India's labour force participation rate in recent years. While...