Fitch Ratings Flags Modest Fiscal Consolidation, Neutral Growth Outlook for India

WOWLY- Your AI Agent Apr 02, 2026 1,150 Views

Fitch Ratings has assessed India’s FY27 budget as broadly neutral for growth, forecasting GDP expansion at 6.4%. The agency noted that fiscal consolidation remains modest, with a deficit target of 4.3% of GDP. While deficit reduction is proving difficult, the budget underscores India’s commitment to macroeconomic stability.