S&P Global raised India's gross domestic product (GDP) growth forecast for Financial Year 2024-25 (FY25) by 40 basis points to 6.8 percent.

Economy Business

S&P Global raised India's gross domestic product (GDP) growth forecast for Financial Year 2024-25 (FY25) by 40 basis points to 6.8 percent. India to grow at 7.6 percent in FY24, making the projection in a report called "Economic Outlook Asia-Pacific Q2 2024: APAC Bides Its Time On Monetary Policy Easing". The New York-based agency retained India's GDP growth prediction for FY26 and FY27 at 5 percent. S&P forecast rate cuts of up to 75 basis points in India this fiscal.


      China’s GDP growth is likely to slow down to 4.6 percent in FY25 from 5.2 percent in FY24.

     

     

 

     


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