S&P Global maintains India's FY2024-25 GDP forecast at 6.8%; expects RBI interest rate cuts in Oct.

S&P Global has maintained its GDP growth forecast for India at 6.8% for the fiscal year 2024-2025, with expectations for the Reserve Bank of India to initiate interest rate cuts in October. The RBI has kept rates steady at 6.5% since February to manage inflation, projected to average 4.5%. S&P also forecasts India's economy to grow 6.9% in 2025-26, highlighting the need for reforms to enhance investment and reduce reliance on public capital.

September 24, 2024
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