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%

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Category : Miscellaneous Published on: June 28 2024

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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.

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