Fitch Ratings: India may have to bear the brunt of the atmosphere of trade war. This is expected to slow down the country’s economy. The global agency Fitch Ratings has reduced India’s GDP (GDP) growth estimate for the current financial year 2025-26 to 6.4 percent.
What did Fitch Ratings say?
Rating agency Fitch said in a special quarter update of the Global Economic Outlook (GEO) that it is difficult to say anything with full confidence about the American trade policy. Comprehensive policy uncertainty is damaging business investment possibilities. The declining prices of the stock market are destroying domestic wealth, and American exporters will face retaliation.
Fitch reduced his global development forecast for 2025 in March GEO by 0.4 percent. 0.5 percent reduction in development forecasts of China and America
Forecast for financial year 2026-27
The leasing agency has reduced its GDP development forecast for India for 6.2 percent and 6.4 percent respectively for the financial year 2024-25 and the current financial year 2025-26. The growth rate for FY 2026-27 has been retained at 6.3 percent. According to Fitch’s estimate, the US GDP growth rate by 2025 is expected to be positive at 1.2 percent. China’s growth rate is estimated to be below four percent this year and next year, while the increase in Eurozone will be below one percent.
Business war worsened
The trade war between the US and China is getting worse. The US Trump administration imposed import duty on many countries around the world including India. However, within a few days the Trump administration banned these fees for 90 days. However, tariffs against China are constantly being increased.
Fitch gave his G.E.O. of the month of March. In 2025, the global development estimate was reduced by 0.4 percent. The growth rate estimate of China and the US was reduced by 0.5 percent. The rating agency has estimated India’s GDP growth rate to be 6.2 percent and 6.4 percent respectively for FY 2024-25 and current financial year 2025-26. The growth rate for FY 2026-27 has been retained at 6.3 percent.
According to Fitch’s estimate, the US GDP growth rate by 2025 is expected to be positive at 1.2 percent. China’s growth rate is expected to be below four percent this year and next year, while the increase in urozone will be below one percent.
The Post Fitch Ratings: Global Trade War fast, Fitch reduced India’s GDP growth first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
