India's GDP growth rate will be 6.4 percent in the current financial year: Fitch

New -Delhi, April 17 (IANS). Fitch Ratings said on Thursday that India’s GDP growth rate in FY 2025-26 and 6.3 percent in 2026-27 Thursday amid global uncertainties. The global rating agency has issued estimates to remain 6.2 percent and 6.4 percent by pulling 10-10 basis points in the GDP growth rate for the FY 2024-25 and the current financial year 2025-26 amid the fear of the global trade war. According to Fitch, the forecast of increase for FY 2026–27 remains unchanged at 6.3 percent. Apart from the revised development forecast for India, Fitch also reduced its global development estimates by 0.4 percent for 2025. Development estimates for China and the US were also cut by 0.5 percent (50-50 basis points). “It’s hard to predict US trade policy with confidence,” Fitch said in its special update of the quarterly global economic approach. Business investment possibilities are damage due to heavy policy uncertainty, falling stock value is to reduce domestic assets, and US exporters will face retaliation. “The US GDP growth for the year 2025 is expected to be positive at 1.2 per cent. that India is ‘the best position in Asia’ amid global uncertainty due to US President Donald Trump’s threat to raise rates.