Fitch Raises India's FY26 GDP Growth Forecast to 7.5% Amid Strong Domestic Demand

• Fitch Ratings increased India's GDP growth forecast for the current fiscal year (FY26) to 7.5%, up from 7.4% previously.
• Domestic demand is identified as the primary growth driver, with consumer spending and investment rising by an estimated 8.6% and 6.9% respectively.
• For the next fiscal year (FY27), Fitch revised India's growth estimate upwards to 6.7% from 6.4% projected in December.
• Despite tentative signs of slowing real activity in January and February, the economy remains resilient with credit growth in double digits.
• Fitch projects world GDP growth at 2.6% in 2026, warning of a significant adverse global supply shock if oil prices rise to USD 100.