Standard & Poor's Global Forecasts India's Economic Growth at 6.4% for Fiscal Year 2024-25
- Standard & Poor's (S&P) Global anticipates India's economic growth to reach 6.4 percent in the fiscal year 2024-25.
- However, the agency has issued a cautionary note, citing the potential impact of elevated food inflation and sluggish exports on growth in the coming years.
- In its Economic Outlook for the Asia Pacific region, S&P Global stated that the ongoing year and the following one are poised to witness robust growth in emerging market economies, driven by increased domestic demand.
- This forecast aligns with projections from various agencies, albeit it falls slightly below the government and Reserve Bank of India's (RBI) estimation of 6.5 percent.
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Published date : 28 Nov 2023 05:07PM