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S&P Global Ratings retains India's growth forecast for FY25 at 6.8%
Published on 28 Jun 2024
- S&P Global Ratings has maintained India's GDP growth estimate for FY25 at 6.8%.
- This projection factors in high interest rates and reduced fiscal stimulus, suggesting a moderated growth outlook for non-agricultural sectors compared to previous years.
- The estimate reflects the impact of current economic conditions, including high interest rates and reduced government spending, which are expected to constrain demand in key non-agricultural sectors, affecting overall economic growth in the fiscal year.
Source: SarkariPariksha