New Delhi, Sep 10 || India is showing resilience amid geo-political uncertainties and is projected to stay above 6 per cent growth over the next three years -- amid a raised outlook of 6.9 per cent growth in current fiscal -- according to the latest Fitch Ratings’ ‘Global Economic Outlook’ released on Wednesday.
On the back of the Q2 2025 outturn (7.8 per cent growth), Fitch has revised up its forecast for the fiscal year ending March 2026 (FY26) to 6.9 per cent from 6.5 per cent in the June report.
Domestic demand will be the key driver of growth, as strong real income dynamics support consumer spending and looser financial conditions should feed through to investment, said the report.
According to the Fitch note, annual growth in India is likely to hit 6.3 per cent in FY27 and with the economy operating slightly above its potential, “we expect growth will edge down to 6.2 per cent in FY28”.