look news india
New Delhi, 25 November (Hindustan Reporter). Rating agency S&P Global Ratings has maintained India’s gross domestic product (GDP) forecast at 6.8 percent for the current financial year 2024-25, while economic growth for the next two financial years 2025-26 and 2026-27. Rate forecasts have been cut.
The rating agency on Monday updated its economic forecast for Asia-Pacific economies following the US election results, projecting GDP growth at 6.7 per cent in fiscal 2025-26 (April 1, 2025 to March 31, 2026) and 6.7 per cent in the next fiscal 2026-2026. 27 is estimated to be 6.8 percent, which is 20 basis points (100 basis points) from the previous estimates of 6.9 percent and seven percent respectively. is equal to 1 percentage point) is less. However, the agency has kept the economic growth rate estimate for the financial year 2027-28 at seven percent.
S&P Global Ratings, in its economic forecast for Asia-Pacific economies, said that in India, we see GDP growth slowing to 6.8 per cent in the current financial year 2024-25, as higher interest rates and lower fiscal impulses dampen urban demand. Let’s reduce. The rating agency said purchasing managers’ indices (PMIs) remain in expansion territory while other high-frequency indicators indicate some transitory moderation in growth momentum due to the damage suffered by the construction sector in the September quarter.