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

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

The Indian economy grew 7.2 per cent in 2022-23 fiscal ended March 2023. India’s GDP expanded 7.8 per cent in April-June quarter.

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…

S&P Ratings Raises India's FY24 Growth Forecast To 6.4%; Cuts FY25 Forecast

S&P Ratings revised its India GDP growth forecast for the current financial year, while lowering it for the year ending March 2025, it stated in a note published on Monday. "We have revised up our projection for India's GDP growth for FY24 to 6.4%, from 6%, as robust domestic momentum seems to have offset headwinds from high food inflation and weak exports," the global ratings agency stated in a research note on the outlook for Asia-Pacific. "St…