Fitch trims India's growth forecast to 6.4% as Middle East turmoil clouds outlook

Fitch Ratings has lowered India's FY27 GDP forecast to 6.4% due to rising costs from Middle East conflict impacting consumer spending. While domestic demand remains a driver, higher prices are expected to reduce purchasing power, with the most visible impact in Q2 and Q3 of FY27.

By TOI BUSINESS DESK