Fitch Ratings has revised India’s growth forecast for the fiscal year 2024-25 upward to 7.2%, citing recovery in consumer spending and increased investment. This marks a slight increase from their previous projection of 7%. The outlook for fiscal years 2025-26 and 2026-27 anticipates growth rates of 6.5% and 6.2% respectively. Fitch expects continued expansion driven by consumer spending and investment, supported by improving rural demand and moderating inflation. The report highlights stable purchasing manager survey data and anticipates normal monsoon conditions to further bolster growth, though it cautions about risks such as recent heatwaves.