New Delhi, March 20 -- Fitch Ratings has kept India's GDP growth forecast for FY26 unchanged at 6.5% while revising its FY27 projection slightly upward to 6.3% from 6.2% in its December update.

Fitch's revised projection surpasses the OECD's 6.4% estimate for FY26 but remains below the Reserve Bank of India's forecast of 6.7%.

The Indian economy expanded by 6.2% in the third quarter of FY24, rebounding from a near two-year low of 5.6% in the July-September period.

For the current fiscal year, the agency expects the economy to grow by 6.4%.

This is lower than its December forecast of 6.25% for FY26 and 6% for FY27.

Economists expect the RBI to announce consecutive rate cuts in April and June meetings.

Global Outlook

On the global fr...