New Delhi, Dec. 4 -- Fitch Ratings on Thursday raised India's Gross Domestic Product (GDP) growth forecast for the current fiscal to 7.4 per cent, from its earlier forecast of 6.9 per cent.
Increased consumer spending and improved sentiment boosted by GST reforms was sighted as the main reason for the revision.
Fitch Ratings said falling inflation gives the Reserve Bank of India (RBI) room for one more policy rate cut in December to 5.25 per cent, following 100 bps of cuts in 2025 so far.
"Growth will ease over the remainder of the financial year 2025-26 (to end-March), but we have raised our full-year growth forecast to 7.4 per cent, from 6.9 per cent in September," Fitch said in its Global Economic Outlook report for December.
"We exp...