Indian economy

India’s Economy Gains Momentum in October on GST Cuts, Festive Demand: RBI Report

Despite global economic challenges, India’s economy gained further momentum in October, supported by the rationalisation of goods and services tax (GST) rates and strong festival spending, according to the Reserve Bank of India’s (RBI) latest State of the Economy report. “GST collections improved over the previous month, signalling a solid rise in consumer demand,” said […]

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Fitch Retains India’s BBB- Rating, Sees Strong Growth but Flags Fiscal Strains

Fitch Ratings on Monday reaffirmed India’s credit rating at BBB- with a stable outlook, citing strong economic growth and resilient external finances. However, the agency flagged India’s high fiscal deficits, debt, and debt servicing costs as key weaknesses when compared with other countries in the BBB category. It also noted that structural factors such as

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