Key View: India boasts one of the largest life insurance markets in Asia-Pacific, and the rapid expansion of the middle class will underpin the sub-sector's strong growth well beyond our forecast period. Life insurance is already seen as an important part of the savings and investment portfolios of households that can afford the insurers'

Key View

• India has been strengthening its climate commitments, but faces a challenging road to net zero, as it seeks to balance emissions reduction efforts with pressing developmental needs. As a large and rapidly growing emitter, its domestic policy choices will play a central role in shaping global emissions trajectories over the coming

Key View

• We forecast that India’s current account deficit will narrow from 2.1% of GDP in FY2022 to 1.7% of GDP in FY2023 (ending March 2024).
• While weak demand from key trading partners, including the US and the eurozone, will result in further declines in exports, this will be more than offset by the drop in imports caused by softening

Key View

• We hold a positive outlook for clothing and footwear spending in India over the medium term (2023-2027). Disposable income growth and easing inflation will support stronger consumer purchasing power, allowing for increasing spending on discretionary and aspirational items.
• Low-cost fashion will be a primary clothing and footwear

Key View

• The Reserve Bank of India left its benchmark policy rate on hold at 6.50% for the second consecutive meeting in June and, with the external and inflation backdrop improving, we are no longer forecasting any more rate hikes in India.
• We think that the policy rate will be left on hold for the rest of 2023, before being cut in Q2 2024

Key View

• The 6.1% y-o-y expansion in India’s Q123 real GDP was much stronger than we (and consensus) had expected, and pushed the economy towards growth of 7.2% across the whole of FY2022 (Q222-Q123).
• Taking this into consideration, we are raising our FY2023 growth forecasts from 5.8% to 6.3%.
• Nevertheless, this fiscal year will still be a

Key View: India is one of the world's largest coffee producers. As such, it does not import as much coffee relative to other Asian markets that rely on imports to meet their coffee demand. India boasts a large local coffee processing industry, meaning that it imports predominantly raw coffee beans for local processing. This allows producers to

Key View

• The easing of labour market restrictions in the Indian state of Karnataka in February constitutes a positive development for the country’s broader outlook for economic reform.
• However, there is no guarantee that the latest changes will be permanent, and we at Fitch Solutions believe that it will be difficult for most other state