New Delhi, March 13 || India’s GDP is expected to grow 7.5 per cent in the fiscal year ending March 2026 higher than 7.4 per cent forecasted earlier, due to resilient domestic demand even as activity showed tentative slowing in January and February, a report said on Friday.
Credit rating agency Fitch Ratings said domestic demand will drive the growth, with consumer spending and investment expected to expand by 8.6 per cent and 6.9 per cent, respectively, in FY26.
High frequency indicators including GST collections, manufacturing output, air travel and digital payments indicate steady momentum despite headwinds from slowing global trade.
India’s economy ranks among few bright spots in the global landscape over the past few months, supported by resilient domestic demand, robust services activity and sustained public investment in infrastructure, according to the report.