Fitch Ratings forecasts strong 5% GDP growth for India and several APAC emerging markets in 2024. The report notes improved banking sectors in India and Indonesia. Despite global challenges, Fitch remains positive due to robust regional growth, especially in Asia's key emerging markets. India's resilient GDP growth of 6.9% this fiscal year and expectations for 6.5% in 2024-25 affirm its status among the fastest-growing large sovereigns. While challenges persist, Fitch maintains a largely neutral outlook for APAC sectors in 2024.
