Fitch raises India's GDP forecast to 6.3% for current fiscal year

New Delhi: Fitch Ratings on Thursday raised its forecast for India's economic growth to 6.3 per cent for current fiscal year 2023-24 from 6 per cent it had predicted previously.

This is primarily because of a stronger outturn in the



first quarter and near-term momentum.

The growth forecast compares with 7.2 per cent GDP expansion in FY23. In the previous fiscal year (FY22), the economy had grown 9.1 per cent.