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Fitch Ratings raises India's 2024/25 GDP forecast to 7.2% India is expected to grow by 7.2% in the current fiscal year, stronger than earlier expected, with its central bank opting for just a one-quarter-point rate cut in that period, Fitch Ratings said in its quarterly Global Economic Outlook (GEO) report published on Tuesday. The ratings agency has also raised its world growth forecast for 2024 to 2.6% from 2.4% earlier as confidence in European recovery prospects improve, China's export sector revives and domestic demand in emerging market...
Fitch Ratings raises India's 2024/25 GDP forecast to 7.2%
Fitch Ratings raises India's 2024/25 GDP forecast to 7.2%
Source: Reuters
2024-06-18 11:10:05 am
Fitch anticipants power demand in India to rise by 7-8% in second quarter of 2024 Taking into consideration robust industrial activity, strong Gross domestic product (GDP) growth and the Indian Meteorological Department's (IMD) forecast of above-normal temperatures during the summer months, Fitch Ratings is anticipating power demand in India to rise by 7-8 per cent year-on-year in second quarter (Q2) of 2024. However, it considers much of this demand will be met through larger operating capacities, adequate coal inventory, and higher utilization of gas-based plants. It...
Fitch anticipants power demand in India to rise by 7-8% in second quarter of 2024
Fitch anticipants power demand in India to rise by 7-8% in second quarter of 2024
Source: Accord Fintech
2024-04-26 12:45:47 pm
Fitch hikes India`s FY24, FY25 GDP growth estimates, lowers rate cut expectation Rating agency Fitch, on Thursday, raised its estimate for India's economic growth for this fiscal year and next due to strong domestic demand and persistent growth in business and consumer confidence levels, but tempered its view on rate cuts. Fitch expects the Indian economy to continue its strong expansion, with real gross domestic product forecast to increase by 7.0% in fiscal 2025, which starts in April, a 50 basis points (bps) increase from its December forecast, it said in a repo...
Fitch hikes India`s FY24, FY25 GDP growth estimates, lowers rate cut expectation
Fitch hikes India`s FY24, FY25 GDP growth estimates, lowers rate cut expectation
Source: Reuters
2024-03-14 12:21:28 pm
S&P raises forecast for India`s GDP growth S&P Ratings has raised its forecast for India’s GDP growth during the current financial year to 6.4 per cent from the earlier 6 per cent. “We have revised upwards our projection for this fiscal as robust domestic momentum seems to have offset headwinds from high food inflation and weak exports,” S&P Global Ratings chief economist for Asia-Pacific Louis Kuijs said in a research note on the outlook for the region. However, the rating agency has lowered its outloo...
S&P raises forecast for India`s GDP growth
S&P raises forecast for India`s GDP growth
Source: IANS
2023-11-28 12:43:07 pm
Indian banks` viability ratings to continue to benefit from improved operating conditions: Fitch Global rating agency Fitch Ratings in its latest report has said that Indian banks' Viability Ratings (VR) will continue to benefit from improved operating conditions and performance in the near term. It expects Issuer Default Ratings (IDRs) to remain stable across banks as they are driven by its expectation of extraordinary support from the Indian sovereign (BBB-/Stable), should there be a need. According to the report, two Indian banks' VRs were upgraded in 2023, with upside poss...
Indian banks` viability ratings to continue to benefit from improved operating conditions: Fitch
Indian banks` viability ratings to continue to benefit from improved operating conditions: Fitch
Source: Accord Fintech
2023-11-10 11:33:45 am
India`s Tata Motors to hike commercial vehicle prices for third time in 2023 Indian automaker Tata Motors said on Monday it will raise the prices of its commercial vehicles by up to 3%, its third hike this calendar year to offset the residual impact of past input costs.The price hike, effective Oct. 1, will be applicable across its range of commercial vehicles, the automaker added.The company previously raised prices by 1.2% in January and by 5% in March to ensure its vehicles comply with the new emission norms.India implemented stricter norms through phase II of Bhar...
India`s Tata Motors to hike commercial vehicle prices for third time in 2023
India`s Tata Motors to hike commercial vehicle prices for third time in 2023
Source: Reuters
2023-09-19 11:02:43am