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 ...