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Fitch Forecasts 6% Corporate Revenue Surge Amidst Economic Optimism
20 Jan
Summary
- Corporate revenue expected to rise 6% in FY27
- India's GDP growth forecast revised to 7.4% for FY26
- Potential risks include US tariffs and rupee depreciation
Fitch Ratings projects a robust 6% aggregate revenue growth for its rated corporates in FY27. This optimism stems from expectations of steady Gross Domestic Product (GDP) expansion and an improved consumer spending outlook.
The rating agency has revised India's GDP growth forecast for FY26 to 7.4%, with anticipated annual growth of 6.4% and 6.2% for FY27 and FY28, respectively.
This growth is expected to fuel demand across sectors like cement, steel, and construction. However, Fitch cautions that additional US tariffs or a sharp depreciation of the Indian rupee could pose downside risks, potentially impacting sectors like steel and chemicals through pricing pressure.
