Fitch Ratings on Friday lowered India’s GDP growth forecast for the current financial year to 6.3 per cent, down from its earlier estimate of 6.4 per cent made in April’s Global Economic Outlook.
Despite the downward revision, the agency said the impact of increased US tariffs on Indian corporates is expected to be limited.
In its latest India Corporates Credit Trends report, Fitch noted, “We anticipate GDP growth of 6.3 per cent in FY26, supported by strong infrastructure spending, which will continue to drive healthy demand for sectors such as cement, building materials, electricity, petroleum products, steel, and engineering and construction (E&C).”