Fitch Ratings has raised its forecast for India’s economic growth to 6.3% for FY24 from its prior prediction of 6%. This is mostly due to near-term momentum and a stronger outturn in the first quarter. The growth projection is in comparison to the 7.2% GDP growth in FY23.
Accenture (ACN) reported revenue growth of US$16.565bn, at mid-point of its guidance adjusted for FX. It revised its organic growth guidance from 6-8% to 6-7% YoY CC i.e. reduced mid-point of guidance by 50bps. Guidance implies 3% QoQ decline and 4% YoY growth in revenue in Aug’23 quarter.