Fitch ups India’s FY24 GDP growth forecast to 6.3 pc on stronger momentum
New Delhi, Jun 22 (PTI) The Indian economy is expected to clock a higher growth of 6.3 per cent –one of the highest in the world — in current fiscal year aided by sustained momentum in manufacturing output and infrastructure spending, Fitch Ratings said on Thursday.
The agency has revised upwards the growth forecast from 6 per cent projected in March.
The economy also continues to benefit from high bank credit growth and infrastructure spending (with more to come from the latter), Fitch added.
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