Fitch Affirms India at BBB- With Stable Outlook as GDP Growth Seen at 6.4%
Updated
Updated · ThePrint · Aug 11
Fitch Affirms India at BBB- With Stable Outlook as GDP Growth Seen at 6.4%
3 articles · Updated · ThePrint · Aug 11
Summary
Fitch kept India’s sovereign rating at BBB- with a stable outlook, saying the economy remains resilient despite the West Asia-driven energy shock.
A 6.4% GDP growth forecast for FY27 underpinned the decision, with Fitch saying it sees no durable threat to India’s growth prospects from US-Iran conflict uncertainty.
Strong external finance, improving policy credibility and a firmer record on macroeconomic stability should help sustain growth and bolster resilience, Fitch said.
Government debt is projected at 55.6% of GDP in FY27 versus 56.1% in FY26, with New Delhi targeting a decline to 50% by March 2031.