In an update to its global economic outlook report, Fitch said it expects inflation to decline to 4.5 per cent by end of this year and RBI to cut policy interest rates by 25 basis points to 6.25 per cent.
The rating agency expects growth in later years to slow and approach its mediumterm trend estimate, forecasting real GDP growth of 6.5 per cent in FY26 (unchanged from March), and 6.2 per cent in FY27, driven by consumer spending and investment.
This story is from the June 19, 2024 edition of The Business Guardian.
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This story is from the June 19, 2024 edition of The Business Guardian.
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