S&P Ups India's FY'24 Growth Forecast To 6.4% On Robust Domestic Momentum

Times of India

Lean Right

S&P ups India's FY'24 growth forecast to 6.4% on robust domestic momentum

S&P Global Ratings on Monday raised India's growth forecast for the current financial year to 6.4 per cent, from 6 per cent, saying that robust domestic momentum has offset headwinds from high food inflation and weak exports. The US-based rating agency, however, has cut growth estimates for the next fiscal (2024-25) to 6.4 per cent, as it expects growth to slow in the second half (October-March) of the current fiscal, on higher base impact and s…