Fitch Ratings | DD News

March 13, 2026 10:56 PM

Fitch raises India growth forecast to 7.5% despite geopolitical tensions

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...

December 4, 2025 1:25 PM

Fitch raises India’s FY26 GDP growth forecast to 7.4% on strong consumption, tax reforms

Fitch Ratings on Thursday revised India’s GDP growth forecast for FY26 to 7.4%, up from its earlier estimate of 6.9%, citing strong domestic demand and the positive impact of recent tax reforms. The global rating agency said private consumption remains the primary engine of growth this fiscal year, supported by “strong real income dynamics, improved consumer sentiment, and the benefits of goods and services tax reforms.” It added that robust household spending has kept economic momentum f...

August 25, 2025 3:34 PM

Fitch affirms stable outlook on India, citing robust growth

Fitch Ratings on Monday affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-’ with a stable outlook. India’s rating is supported by robust growth and strong external finances, the rating agency said in a statement. It added that a strengthening record of delivering growth with macroeconomic stability and improving fiscal credibility should drive steady gains in structural metrics, including GDP per capita, and raise the likelihood of a modest decline in debt...

May 22, 2025 8:49 PM

Fitch Ratings ups India’s growth potential to 6.4 pc over next 5 years

Global rating agency Fitch Ratings on Thursday raised India's GDP growth potential by 0.2 percentage points to 6.4 per cent over the next five years, on the back of a sharper rise in the country’s labour force participation rate in recent years. Fitch highlighted that the revised estimate for India shows a stronger contribution from labour inputs, mainly total employment, rather than labour productivity. At the same time, the global rating agency has scaled down China's growth projection by ...

April 17, 2025 4:46 PM

Fitch projects India’s GDP growth at 6.4% for FY26, retains 6.3% for FY27

Fitch Ratings on Thursday revised India’s GDP growth forecast for FY26 to 6.4%, citing global economic uncertainties, while maintaining its projection of 6.3% for FY27. The global ratings agency also lowered its estimates for FY25 and FY26 by 10 basis points to 6.2% and 6.4% respectively, attributing the downgrade to rising concerns over a potential global trade war. Fitch retained its outlook for FY27 at 6.3%, reflecting expectations of relative stability in India’s economic performance o...

January 24, 2025 5:04 PM

Large Indian NBFIs poised to outperform amid economic and regulatory challenges: Fitch Ratings

India's large non-bank financial institutions (NBFIs) are better positioned to weather economic and regulatory challenges compared to their smaller counterparts, according to Fitch Ratings. While softer economic conditions, tighter bank funding, and asset quality concerns are expected to affect the sector's credit growth and profitability in the near term, larger NBFIs with robust operations and diversified funding channels are expected to maintain steadier performance. The NBFI sector's loan ...

January 5, 2025 5:42 PM

India’s demand for petroleum products expected to rise by 4%: report

India’s demand for petroleum products, including petrol, diesel, and LPG, is projected to increase by 3-4% in the current financial year ending March 31, 2025, according to a report by Fitch Ratings. The growth is attributed to rising consumer demand, industrial expansion, and infrastructure development, the report noted. For India’s oil marketing companies (OMCs), refinery margins are expected to decline below their mid-cycle levels in FY25, driven by weaker product cracks, regional overs...

June 19, 2024 5:38 PM

India will see higher consumer spending as inflation moderates: Fitch

Fitch Ratings has said that India will see higher consumer spending as inflation moderates, resulting in elevated consumer confidence. The credit rating agency in its June report Global Economic Outlook (GEO) report said that expectations of a better than expected monsoon will support growth and make inflation less volatile. Fitch has revised India's growth forecast upward by 20 basis points to 7.2 percent for fiscal year 2024-25, compared to their earlier forecast of 7 percent in March. Fitc...

September 16, 2024 6:40 PM

Fitch maintains India’s rating at BBB-Stable, as coalition govt takes shape at centre

Fitch Ratings has maintained its assessment of India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, despite the coalition government following the recent election results. The affirmation of India's rating highlights Fitch's confidence in the nation's economic resilience and potential for growth, even in the face of political fragmentation. Traditionally, coalition governments are perceived as unstable, often leading to slower policy implementation an...