- Fitch has upgraded India’s GDP mid-term growth forecast from 5.5% to 6.2%.
- The agency has reduced its estimate of the mid-term growth potential for China, pulling down the estimate for 10 emerging countries from 4.3% to 4%.
- China’s mid-term growth forecast has been cut to 4.6% from 5.3%.
- Fitch made significant upgrades to India and Mexico, with India’s estimate now at 6.2% and Mexico’s at 2%.
- For 2023-24, Fitch expects India’s growth to be at 6.3%.