Standard & Poor’s Global predicts 6.4% economic growth for India in Fiscal Year 2024-25
Standard & Poor’s (S&P) Global has forecasted a 6.4 percent economic growth for India in the fiscal year 2024-25. While this projection aligns with many agencies, S&P Global cautioned that challenges such as high food inflation and weak exports could potentially cast a shadow on growth in the upcoming years.
The insights were presented in the agency’s Economic Outlook for Asia Pacific, which highlighted that growth in the current and next year is on track to be the strongest among emerging market economies due to higher domestic demand.
Despite S&P’s projection being in harmony with several forecasts, it falls slightly below the optimistic projections of the Indian government and the Reserve Bank of India (RBI), which anticipate a 6.5 percent economic growth for the same fiscal period.
