India growth outlook, India GDP: Fitch Ratings has raised India s medium-term potential growth estimate to 6.2%, attributing it to a swift recovery in labor force participation rates. However, Fitch has reduced the growth estimate for 10 emerging markets, including China, citing weaker employment and capital deepening prospects. Excluding China, the GDP-weighted average potential growth for EM9 improves to 3.2%
Fitch attributes the higher growth prediction for several countries to one a shared factor the rapid rebound in labour force participation rates, especially after substantial declines in 2020
Rating agency Fitch on Tuesday slashed India's growth forecast for the next fiscal to 8.5 per cent from 10.3 per cent, citing sharply high energy prices on account of the Russia-Ukraine war.