indian gdp – The News Desk

S&P Global Ratings said the Indian economy is reliant on strong growth performance in services industries.S&P Global Ratings said that while growth supports market confidence and revenue generation, rates dynamics will be an additional determinant of debt trajectoryS&P Global Ratings on Wednesday said India’s economy has a track record of strong growth and retained its 6 per cent growth forecast for current fiscal year. In Asia-Pacific Credit Outlook 2024 titled ‘Slowing Dragons, Roaring Tigers’, S&P said gradual capital deepening, favourable demographics, and improving productivity are essential growth factors.“India’s economy has a track record of strong growth. We expect this momentum to continue and forecast growth of 6 per cent for FY 2024, then 6.9 per cent for FY 20...

The International Monetary Fund (IMF) on Tuesday raised its FY24 growth projection for India by 20 basis points to 6.3 per cent, citing stronger than expected consumption between April and June. “India is one of the large emerging economies that (have) been doing better than expected for quite a while now. (It) is one of the one of the growth engines in the world economy,” said Pierre-Olivier Gourinchas, economic counsellor and director of the research department, IMF. The IMF’s latest World Economic Outlook (WEO) kept its global growth forecast unchanged at 3 per cent for 2023 and pared down the 2024 projection by 10 basis points to 2.9 per cent. “Growth in India is projected to remain strong, at 6.3 per cent in both 2023 (FY24) and 2024 (FY25), with a...

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‘Slowing Dragons, Roaring Tigers’: Indian Economy Has Track Record Of Strong Growth: S&P

IMF raises India FY24 GDP growth forecast by 20 basis points to 6.3%