Indian economy may grow by average 6.7% till FY31, says S&P Global:

Daily Current Affairs / Indian economy may grow by average 6.7% till FY31, says S&P Global:

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Category : National Published on: August 07 2023

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Expressing confidence in the medium-term growth potential of the Indian economy, S&P Global in its report titled ‘Look Forward: India’s Moment’, projected an average annual growth of 6.7 per cent from the fiscal year 2023-24 (FY24) to FY31, with capital accumulation as the main driver of this growth. This increase would correspond to a per capita GDP of around $4,500.