<p>Kolkata: Leading credit rating firm Fitch Ratings expects that India's resilient economic growth will boost demand of the corporates.</p>.<p>In its latest research report on <em>India Corporates: Sector Trends 2024</em>, Fitch said that this is a sequel to the robust performance of the corporates in 2023 and will offset weakness from slowing growth in the key overseas markets.</p>.<p>Rising demand and easing input cost pressure should boost margins of the corporates in the next financial year, Fitch said.</p>.Fitch retains SBI, 5 other public sector banks' rating at BBB- with stable outlook.<p>Fitch said that with strong domestic demand growth, it is expected that India will be among the world's fastest-growing countries, with resilient GDP growth of 6.5 per cent during the fiscal 2024-25.</p>.<p>This is despite a challenging global backdrop and the cumulative impact of the recent monetary tightening, it said.</p>.<p>Sectors like cement, electricity and petroleum products are expected to witness a strong demand with high-frequency data in 2023 sustained well above pre-Covid pandemic levels.</p>.<p>Fitch said that India's improving infrastructure will also boost steel demand. Slowing down in the US and the Eurozone is likely to moderate growth of the IT services.</p>.<p>Fitch said rising domestic auto sales volume should drive revenues of the auto suppliers, while travel and tourism conditions also improved in 2023. </p>
<p>Kolkata: Leading credit rating firm Fitch Ratings expects that India's resilient economic growth will boost demand of the corporates.</p>.<p>In its latest research report on <em>India Corporates: Sector Trends 2024</em>, Fitch said that this is a sequel to the robust performance of the corporates in 2023 and will offset weakness from slowing growth in the key overseas markets.</p>.<p>Rising demand and easing input cost pressure should boost margins of the corporates in the next financial year, Fitch said.</p>.Fitch retains SBI, 5 other public sector banks' rating at BBB- with stable outlook.<p>Fitch said that with strong domestic demand growth, it is expected that India will be among the world's fastest-growing countries, with resilient GDP growth of 6.5 per cent during the fiscal 2024-25.</p>.<p>This is despite a challenging global backdrop and the cumulative impact of the recent monetary tightening, it said.</p>.<p>Sectors like cement, electricity and petroleum products are expected to witness a strong demand with high-frequency data in 2023 sustained well above pre-Covid pandemic levels.</p>.<p>Fitch said that India's improving infrastructure will also boost steel demand. Slowing down in the US and the Eurozone is likely to moderate growth of the IT services.</p>.<p>Fitch said rising domestic auto sales volume should drive revenues of the auto suppliers, while travel and tourism conditions also improved in 2023. </p>