S&P Global Ratings maintains India's FY2024-25 GDP growth forecast at 6.8% and raises China's forecast to 4.8%.

S&P Global Ratings maintained India's FY2024-25 GDP growth forecast at 6.8%, citing high interest rates and lower fiscal stimulus moderating demand in non-agricultural sectors. For FY2025-26 and FY2026-27, S&P projects growth rates of 6.9% and 7%. China's 2024 GDP growth forecast was raised to 4.8% from 4.6%, but S&P expects a sequential slowdown in Q2 due to subdued consumption and robust manufacturing investment.

June 24, 2024
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