Fitch raises India’s FY26 GDP forecast to 7.4% from 6.9%, on high consumer spending, GST reforms
Fitch Ratings has raised India’s GDP growth forecast for FY26 to 7.4% from 6.9%, citing stronger consumer spending and the positive impact of recent GST reforms. As per the global rating agency, private consumer spending is the main driver of growth this year, supported by strong real income dynamics, increased consumer sentiment, and the the