Fitch retains its rating for India

27-Aug-2025

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Fitch on August 25 maintained its long-term foreign-currency issuer default rating on India at 'BBB-', citing the country's strong economic growth and resilient external finances.

"India's economic outlook remains strong relative to peers, even as momentum has moderated in the past two years," Fitch said in a statement.

It forecast GDP growth of 6.5% for the fiscal year ending March 2026 (FY26), unchanged from FY25, and well above the 'BBB' median of 2.5%.