S&P Global Ratings retains India's growth forecast for FY25 at 6.8%

S&P Global Ratings retains India's growth forecast for FY25 at 6.8%

Daily Current Affairs   /   S&P Global Ratings retains India's growth forecast for FY25 at 6.8%

Change Language English Hindi

Category : Miscellaneous Published on: June 28 2024

Share on facebook
  • S&P Global Ratings has maintained India's GDP growth estimate for FY25 at 6.8%. 
  • This projection factors in high interest rates and reduced fiscal stimulus, suggesting a moderated growth outlook for non-agricultural sectors compared to previous years.
  • The estimate reflects the impact of current economic conditions, including high interest rates and reduced government spending, which are expected to constrain demand in key non-agricultural sectors, affecting overall economic growth in the fiscal year.
Recent Post's
  • An Andhra Pradesh-based start-up successfully tested ultra-high-frequency communication technology on ISRO’s POEM-4 satellite.

    Read More....
  • ARC rider wins bronze at the National Equestrian Championship.

    Read More....
  • Centre forms a working group for revising the base year of the Wholesale Price Index (WPI), with Niti Aayog's Ramesh Chand as its head.

    Read More....
  • Veteran director-writer Sai Paranjpe will receive the Padmapani Lifetime Achievement Award at the Ajanta-Ellora International Film Festival 2025.

    Read More....
  • The government released the draft Digital Personal Data Protection Rules on 3 January 2025, clarifying that social media or online platforms will have to obtain verified consent of parents before children create an account.

    Read More....
  • Pakistan begins its two-year tenure as a non-permanent member of the UNSC from January 1, 2025.

    Read More....
  • The Union Cabinet approved the extension of one-time special package in addition to NBS subsidy to ensure stable availability of Di-Ammonium Phosphate (DAP) at reasonable prices to farmers with effect from 01.01.2025 till further orders.

    Read More....
  • IIT-Kanpur sets a new record with 152 Intellectual Property Rights (IPR) filings in 2024.

    Read More....
  • According to SBI Research, the poverty ratio in rural areas declined to 4.86% in FY 2024 from 7.2% in the previous year, leading to a significant reduction in poverty.

    Read More....
  • World Braille Day is celebrated annually on January 4th to honor Louis Braille, the inventor of the Braille system for the visually impaired.

    Read More....
  • Air India recently launched in-flight Wi-Fi services on domestic flights in India.

    Read More....