S&P Global Ratings has reduced its GDP growth projection for India in FY25 to 6.4 percent, down from the earlier forecast of 6.9 percent.
India GDP
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economic growth
India stays fastest-growing major economy with 7.2% GDP growth in FY23
Economists, however, expect India’s growth momentum to slow in FY24
GDP growth
India economic growth seen stuck in low gear: Reuters poll
The poll also showed inflation in the South Asian country will remain elevated despite recent interest rate hikes
GDP growth
India economy to grow 6.4% this year
India’s GDP will grow by 6.4% this year and 6.7% next year, says the Asian Development Bank
Asian Development Bank
S&P cuts India’s growth forecast to 6.3%
Earlier ADB has slashed its projection for India’s GDP growth to 6.5% from its earliest estimate of 7.2%
economic slowdown
Video: What can India do to beat an economic slowdown?
After years of fast-paced growth, India’s economy is losing steam. In this country of more than a billion people, domestic consumption is one of the main drivers of growth but unemployment is rising and people’s purchasing power has taken a hit.
Bharatiya Janata Party
Narendra Modi’s new Indian government suffers double economy hit
Hours after India’s first full-time woman finance minister took office, the government announced the third straight fall in quarterly growth to 5.8% in Q1
currency market
Rupee slides against US dollar amid pressure from fiscal deficit, elections
Rising crude prices and uncertainty about the outcome of India’s ‘Election 2019’ will also have negative impact on rupee
emerging market
India’s economy showing signs of recovery
The mid-term outlook for India, the world’s fastest-growing major economy, appears to show that the country can weather global trade tensions and emerging market strains