Fitch Ratings has increased India's growth forecast for the current financial year to 7.2% from 7%, driven by rapid investment expansion. The Indian economy grew 7.8% in the last quarter of FY24 and 8.2% for the entire fiscal year. Fitch predicts sustained investment growth under Prime Minister Modi, a recovery in consumer spending, and declining inflation rates. The RBI is expected to make only a modest rate cut this year. Read The Rest at :
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