New Delhi, Aug. 2 -- Fitch Ratings Inc. revised India's GDP forecast to 6.3 per cent for the current fiscal year and termed "higher US tariffs will have a limited direct impact" in its India Corporate Credit Trends report. Initially, the agency predicted a forecast of 6.4 per cent in its Global Economic Outlook Report in April.
Fitch Ratings Inc. is an American credit rating agency that oversees the creditworthiness of debt issuers.
Fitch noted, "We expect India's GDP growth of 6.3 per cent and robust infrastructure spending to underpin healthy demand for cement and building materials, electricity, petroleum products, steel, engineering and construction (E&C) companies in FY26."
The report also highlighted that funding needs in FY26 are...