Fitch Ratings on Thursday revised its estimate for India’s average annual growth potential through 2028, raising it to 6.4% from the earlier 6.2% projected in November 2023.
The rating agency cited a stronger-than-expected post-pandemic economic rebound, indicating that the long-term economic “scarring” from the COVID-19 shock was less severe than initially anticipated.
Updating its five-year-ahead potential GDP projections, Fitch noted that India’s improved economic momentum prompted the upward revision in its growth estimate for the 2023–2028 period.