Fitch Ratings on Wednesday raised India’s GDP growth forecast to 6.9 per cent for the current fiscal year, from 6.5 per cent earlier, citing strong June quarter growth and domestic consumption-led demand. Fitch is the first global rating agency to have upped India’s GDP growth after the string of downward revisions by various agencies earlier this year due to trade and tariff uncertainties.

In its Global Economic Outlook (GEO)-September, Fitch said the pace of economic activity accelerated sharply between the March and June quarters of the current fiscal year. The real GDP growth in April-June rose to 7.8 per cent year-on-year, from 7.4 per cent in January-March.