7.4% India GDP forecast FY26 raised by Fitch Ratings due to strong consumer demand, GST reforms, and stable inflation. Learn key takeaways for exams. Fitch Raises India’s FY26 Growth Forecast to 7.4% Amid Strong Consumer Demand and GST Reforms Upward Revision Reflects Robust Economic Momentum Global credit-rating agency Fitch Ratings has revised India’s gross domestic…
Government Increases Excise Duty on Fuels In a significant development, the central government has increased the excise duty on petrol and diesel, aiming to boost revenue amidst fiscal pressures. The latest hike has raised the excise duty on petrol by ₹2 per litre and diesel by ₹1 per litre, effective immediately. This decision has implications…
India’s GDP Growth Projections for FY25 Revised Downward India’s economic growth projections for the fiscal year 2024-25 (FY25) have been revised downward by various international agencies and economic institutions. According to the latest reports, the country’s GDP growth rate is expected to be lower than initially forecasted. The downward revision of the growth rate is…
