Strong domestic demand: Fitch revises India’s GDP growth outlook upwards to 6.9%; expects another RBI rate cut this year

Fitch Ratings has revised India’s FY26 GDP growth forecast upwards to 6.9%, citing strong domestic demand and easing financial conditions. Despite short-term trade uncertainties with the US, a trade deal is anticipated. India’s economic momentum is robust, with significant growth in the service sector and consumption expenditure.