India, May 22 -- Fitch Ratings on Thursday revised its estimate for India's average annual growth potential through 2028, raising it to 6.4% from the earlier 6.2% projected in November 2023.
The rating agency cited a stronger-than-expected post-pandemic economic rebound, indicating that the long-term economic "scarring" from the COVID-19 shock was less severe than initially anticipated.
Updating its five-year-ahead potential GDP projections, Fitch noted that India's improved economic momentum prompted the upward revision in its growth estimate for the 2023–2028 period.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....