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S&P revises estimate for India's growth to 6.7 per cent for FY26, 6.8 per cent for FY27
The Statesman
|November 26, 2024
S&P Global Ratings revised down its estimate for India's economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand.
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The rating agency projected a 6.7 per cent GDP growth rate in 2025-26 financial year and 6.8 per cent in the following fiscal year. These are down from 6.9 per cent and 7 per cent, respectively in previous projections.
Notably, for FY25, S&P Global pegged GDP growth rate at 6.8 per cent. Further for FY28, the agency expects India's GDP to grow at 7 per cent.
Cette histoire est tirée de l'édition November 26, 2024 de The Statesman.
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