Fitch Upgrades India’s FY26 GDP Growth to 7.4%

Fitch Ratings has revised India’s FY26 GDP forecast upward to 7.4% from 6.9%, citing strong consumer spending and GST reforms. The upgrade is further supported by low inflation at 0.3% in October, which allows the Reserve Bank of India to consider another rate cut to 5.25%. However, industrial growth has slowed, marking a 14 month low, despite the overall GDP growth at 8.2% for Q2.