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...