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India's GDP Projected to Grow 6.8% in FY25 and 6.6% in FY26, Says S&P Global Market Intelligence.

Economy Business | Dated: 08 Nov 2024

The American credit rating agency S&P Global Market Intelligence released its 'October Global Economic Forecast Update'. According to the report, India's economic growth is expected to remain robust, with projections of 6.8% for the Financial Year 2024-25 (FY25) and 6.6% for FY26.

🎯 Key Highlights:

  • - The report highlights steady global economic growth supported by policy stimulus, while acknowledging potential risks from geopolitical tensions.
  • - i. It emphasizes moderating inflation and easing monetary policies as key factors driving the global economy toward a "soft landing."

💡 Other Important Facts:

  • The report forecasts a global annual real Gross Domestic Product (GDP) growth rate of 4.3% for 2024 and 4.4% for 2025, excluding China and Japan.

📚 Test Your Knowledge:

Recently, according to S&P Global Market Intelligence, by what percentage is India's GDP projected to grow in FY25?

Correct Answer: 6.8%

🚀 Quick Recap: