India’s economy is poised for robust growth, with Fitch Ratings projecting 7.5% expansion for the fiscal year ending March 2026, exceeding earlier forecasts. Strong domestic demand, fueled by consumer spending and investment, is the primary driver. Despite a recent slowdown, resilience persists, supported by services and infrastructure investment, making India a global economic bright spot.
India’s economy is likely to grow 7.5% in the fiscal year ending March 2026, faster than 7.4% earlier projected, as strong domestic demand keeps activity resilient despite a slowdown in January and February, Fitch Ratings said. The ratings agency also said that global growth should remain stable if the recent oil price surge triggered by the Iran conflict proves temporary.
Fitch Ratings said India’s domestic demand will remain the main engine of growth this year, with consumer spending and investment projected to rise by 8.6% and 6.9%, respectively, in the current fiscal year.
