Fitch upgrades India's medium-term economic growth outlook to 6.4%, Chinese forecast trimmed
Fitch Ratings has increased India's medium-term GDP growth potential to 6.4%, driven by a stronger labor force participation. Conversely, China's growth forecast has been lowered to 4.3% due to property market stress and declining labor participation. This revision indicates a shift in global growth dynamics, with India showing promising economic prospects while China faces structural challenges.
Fitch Ratings has increased India's medium-term GDP growth potential to 6.4%, driven by a stronger labor force participation. Conversely, China's growth forecast has been lowered to 4.3% due to property market stress and declining labor participation. This revision indicates a shift in global growth dynamics, with India showing promising economic prospects while China faces structural challenges. What's Your Reaction?
