S&P Global Ratings raises India's growth forecast to 6.8% for next year, citing domestic demand growth.
S&P Global Ratings has raised India's growth forecast for the next financial year to 6.8%, citing solid domestic demand growth. However, restrictive interest rates are expected to dampen economic growth. The Indian economy is estimated to have clocked a growth of 7.6% in the current fiscal. In November, the US-based agency had projected India's growth to be 6.4% in the 2024-25 fiscal on robust domestic momentum.
March 26, 2024
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