Fitch Ratings has increased India‘s medium-term growth rate by 0.7 percentage point (PP) to 6.2 per cent “given an improvement in the employment rate and a modest increase in the working-age population forecast”.
According to Fitch, India’s projected labour supply growth is also lower relative to 2019 given the expected negative growth in the participation rate. “While the participation rate has recovered from its pandemic slump, it remains significantly below levels recorded in the early 2000s, partly as the employment rate among women remains very low,” it said in its latest Global Economic Outlook (GEO) report on ten emerging economies (EM10)
Register to continue reading this story
Google
Facebook
Email
Already have an account? Sign in