Dynamite News Fitch raises India’s medium-term potential growth to 6.2 percent
This positive development reflects the country's growing economic resilience and potential for expansion. Read further on Dynamite News:
New Delhi: In an upward revision, Fitch Ratings has increased India's medium-term potential growth forecast from 5.5 per cent to a robust 6.2 per cent.
This positive development reflects the country's growing economic resilience and potential for expansion.
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This upgrade places India in the spotlight for its strong growth trajectory.
Additionally, Mexico received a substantial boost in its growth estimate, with Fitch revising it from 1.4 per cent to 2.0 per cent.
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These positive changes were underpinned by a more favourable outlook for the capital-to-labour ratio.
This positive revision for India's growth potential is expected to provide a substantial boost to the nation's economic prospects, reinforcing its position as a promising global player in the mid-term. (with Agency inputs)