Fitch Ratings has raised India’s medium-term potential growth estimate by 70 basis points to 6.2 per cent on the back of an improvement in the employment rate and a modest increase in the working-age population forecast. In a report on Monday, Fitch projected medium-term potential growth for the 10 emerging economies at 4 per cent, down from 4.3 per cent from the previous estimate. This was “driven by a 0.7 percentage point cut” in China’s growth estimate.
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