Fitch Ratings on Thursday said the pace of India’s growth in the third quarter of 2023-24 is likely to moderate as exports continue to weaken, credit growth flatlines and the Reserve Bank of India’s (RBI) latest bimonthly consumer confidence survey shows consumers becoming a little more pessimistic on income and employment prospects.
“Temporary increases in inflation, in particular rising food inflation, in coming months could curb households’ discretionary spending power,” Fitch said in its September Global Economic Outlook (GEO).
This story is subscriber only!
Now subscribe at a special Republic Day offer of Rs 75/month.
Subscribe Now
Already a subscriber? Sign in