Fitch ups India's FY24 GDP growth forecast to 6.3% on stronger momentum

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. https://ift.tt/PcqyetL