S&P Upgrades India’s Outlook to Positive After 10 Years
6 months, 3 weeks ago

S&P Upgrades India’s Outlook to Positive After 10 Years

Deccan Chronicle  

New Delhi: After a gap of 10 years, leading rating agency S&P Global Ratings on Wednesday said that it upgraded India’s sovereign rating outlook to positive from stable on robust growth, improved quality of public spending in the last 5 years and expectation of broad continuity in reforms and fiscal policies as well. “India outlook revised to positive on robust growth and rising quality of government spend; BBB- long-term and ‘A-3’ short-term unsolicited foreign and local currency sovereign credit ratings affirmed. India’s rating can be upgraded in the next 24 months, if the country adopts a cautious fiscal and monetary policy that reduces the government’s elevated debt and interest burden while bolstering economic resilience,” it said. That, along with cautious fiscal and monetary policy that diminishes the government's elevated debt and interest burden while bolstering economic resilience, could lead to a higher rating over the next 24 months,” S&P said.

India Growth Economic Fiscal Rating Government Spending  fiscal  spending  robust  upgrades  positive  rating  economic  quality  sp  outlook  indias  growth

History of this topic

India needs to grow at over 7% along with robust fiscal framework to meet Viksit Bharat target: EY India
3 weeks ago

India needs to grow at over 7% along with robust fiscal framework to meet Viksit Bharat target: EY India

Live Mint  

New Delhi, December 2 : A recent report by EY India says enhanced government spending is vital for India's Viksit Bharat vision. It says achieving developed economy status requires 7 per cent plus sustained GDP growth and a robust fiscal framework. This requires a significant increase in the government's total expenditure to 35 per cent of GDP from the current …

S&P Global Slashes GDP Growth Forecast For India For FY26 To 6.7 Per Cent
4 weeks ago

S&P Global Slashes GDP Growth Forecast For India For FY26 To 6.7 Per Cent

ABP News  

S&P Global Ratings on Monday cut down the growth estimates for Indian economy in the next two fiscal years. Issuing an update to its economic growth projections for Asia-Pacific economies post US elections, the ratings agency estimated the Indian economy to clock a GDP growth rate of 6.7 per cent in the 2025-26 fiscal year and 6.8 per cent in …

S&P Global cuts India’s GDP growth estimates for FY26 and FY27, forecasts 6.8% growth for this fiscal
Trending News
4 weeks ago

S&P Global cuts India’s GDP growth estimates for FY26 and FY27, forecasts 6.8% growth for this fiscal

Live Mint  

New Delhi, Nov 25 S&P Global Ratings on Monday revised down its estimate for India's economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand. In an update to its economic forecast for Asia-Pacific economies after US election results, the rating agency projected a 6.7 per cent GDP growth rate in …

S&P Foresees Steady 6.5-7 Percent Growth for India Until 2027
1 month, 1 week ago

S&P Foresees Steady 6.5-7 Percent Growth for India Until 2027

Deccan Chronicle  

New Delhi: S&P Global Ratings on Thursday projected the Indian economy to grow between 6.5-7 per cent annually in the three fiscal years till March 2027 as infrastructure spending and private consumption drive growth momentum. “Good economic growth prospects will continue to support banks' asset quality, while healthy corporate balance sheets, tighter underwriting standards and improved risk management practices will …

India to be third largest economy by 2030-31; grow 6.7% per annum: S&P Global
3 months ago

India to be third largest economy by 2030-31; grow 6.7% per annum: S&P Global

Hindustan Times  

India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7, the credit rating agency S&P Global said in its report named India Forward Emerging Perspectives. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} It further added in its suggestion that a strong port infrastructure is required to match rising exports and bulk …

Moody's Raises India's GDP Growth Forecast to 7.2% Vs 6.8% Earlier, Fitch Affirms Rating
3 months, 3 weeks ago

Moody's Raises India's GDP Growth Forecast to 7.2% Vs 6.8% Earlier, Fitch Affirms Rating

News 18  

Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while Fitch affirmed the country’s sovereign credit rating, the agencies said in separate releases on Thursday. “These forecast changes assume strong broad-based growth and we recognize potentially higher forecasts if the cyclical momentum, especially for private consumption, gains more traction,” Moody’s said. “Nevertheless, 6%-7% growth …

India Ratings jacks up growth forecast to 7.5% this fiscal
4 months, 3 weeks ago

India Ratings jacks up growth forecast to 7.5% this fiscal

New Indian Express  

Citing the ongoing growth momentum led by government capex, deleveraged balance sheets of corporate robust quality banks’ assets, and a likely revival in private corporate capex, India Ratings has upped its growth forecast for the current fiscal to 7.5 percent—the highest among all analysts and 30 bps over the Reserve Bank estimate. Pegging higher growth at 7.5 percent for this …

India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P
5 months, 2 weeks ago

India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P

The Hindu  

A sovereign rating upgrade for India in the next 24 months is possible if the central government is able to prudently manage its finances and bring down fiscal deficit to 4% of GDP, an S&P Global Ratings official said on July 3. S&P Global Ratings Director, Sovereign Ratings, YeeFarn Phua, said the trigger for upgrade would be general government deficit …

Coalition crutches could cramp reform chase, say Moody’s, Fitch
6 months, 2 weeks ago

Coalition crutches could cramp reform chase, say Moody’s, Fitch

The Hindu  

With the BJP losing an outright majority in the Lok Sabha, global rating agencies on Wednesday said navigating far-reaching reforms may prove more difficult during a coalition-dependent third term likely for Prime Minister Narendra Modi. While “broad policy continuity” is expected in areas such as the thrust on public capex to spur the economy and gradual fiscal consolidation, a BJP-led …

PM Modi's smaller mandate to slow India's fiscal tightening, Moody's says
6 months, 2 weeks ago

PM Modi's smaller mandate to slow India's fiscal tightening, Moody's says

Hindustan Times  

The narrower margin of victory for Prime Minister Narendra Modi's alliance in elections will forestall reforms that could have potentially facilitated aggressive fiscal consolidation, an analyst at Moody's Ratings said on Wednesday. S&P Global Ratings raised India's sovereign rating outlook to 'positive' from 'stable' last week saying the country's robust economic expansion was having a constructive impact on its credit …

Mint Quick Edit | Will S&P upgrade India’s awkward credit rating?
6 months, 3 weeks ago

Mint Quick Edit | Will S&P upgrade India’s awkward credit rating?

Live Mint  

S&P Global has raised the outlook on India’s credit rating to “positive" from “stable" while affirming its rating of BBB minus. It cited robust economic growth and improved expenditure quality for the move, which puts India’s sovereign rating in the reckoning for an upgrade. While India’s macro numbers broadly seem to be moving in the right direction, government officials have …

S&P upgrades outlook on India's sovereign rating to 'positive' based on country's robust economic expansion
6 months, 3 weeks ago

S&P upgrades outlook on India's sovereign rating to 'positive' based on country's robust economic expansion

India TV News  

S&P Global Ratings has upgraded India’s sovereign rating outlook to 'positive' from 'stable', while maintaining the rating at 'BBB-'. The rating agency's positive outlook on India is predicated on its robust economic growth, pronounced improvement in the quality of government spending, and political commitment to fiscal consolidation, it said. India's GDP growth to aid debt reduction S&P expects India's economy …

S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years
6 months, 3 weeks ago

S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years

Hindustan Times  

New Delhi, Giving thumbs up to the economic management of the Modi government, S&P Global Ratings after a gap of 14 years upgraded India's sovereign rating outlook to positive from stable on robust growth, improved quality of public spending in last 5 years and expectation of broad continuity in reforms and fiscal policies. "India outlook revised to positive on robust …

Risky premise: On Asian Development Bank forecast, India’s GDP growth
8 months, 1 week ago

Risky premise: On Asian Development Bank forecast, India’s GDP growth

The Hindu  

The Asian Development Bank on Thursday raised its forecast for India’s GDP growth in the current fiscal year ending on March 31, 2025, to 7%, from 6.7% earlier, citing robust public and private investment as well as expectations of a gradual improvement in consumer demand as the rural economy recovers. The ADB’s latest growth forecast for India’s GDP is, however, …

Moody's maintains stable outlook for India
8 months, 1 week ago

Moody's maintains stable outlook for India

Hindustan Times  

Rating agency Moody's maintained outlook for the government of India to be stable. Maintaining stable outlook, Moody's noted India balances its large and diversified economy with high growth potential, a relatively sound external position, and a stable domestic financing base for government debt against high general government debt, weak debt affordability and low per capita income. Following a series of …

Credit quality outlook of India Inc positive in first half of FY25: Crisil Ratings
8 months, 3 weeks ago

Credit quality outlook of India Inc positive in first half of FY25: Crisil Ratings

New Indian Express  

NEW DELHI: Crisil Ratings on Monday said the credit quality outlook for Indian corporates remains positive for the April-September period of the 2024-25 fiscal year with upgrades continuing to outpace downgrades. "India Inc's credit quality outlook is positive for the first half of fiscal 2025 with upgrades expected to outnumber downgrades. Healthy balance sheets will continue to support the credit …

S&P ups India growth forecast to 6.8% for FY'25
8 months, 3 weeks ago

S&P ups India growth forecast to 6.8% for FY'25

The Hindu  

S&P Global Ratings on March 26 raised India’s growth forecast for the next financial year to 6.8%, but flagged restrictive interest rates as a dampener for economic growth. “For Asian emerging market economies, we generally project robust growth, with India, Indonesia, the Philippines, and Vietnam in the lead,” S&P said in its Economic Outlook for the Asia Pacific. In largely …

Budget 2024: Can India become a $7 trillion economy by 2030?
10 months, 3 weeks ago

Budget 2024: Can India become a $7 trillion economy by 2030?

India Today  

A recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report …

India’s Markets Are Turning Into an Inexorable Force
11 months, 1 week ago

India’s Markets Are Turning Into an Inexorable Force

Bloomberg  

Anyone wondering whether the India juggernaut is sustainable will find the answer in bonds, which have a penchant for discerning the way of the world and telling every other market what to do. At least $1 trillion of government securities traded multiple times annually in the most populous nation and biggest democracy are poised to become the darling of international …

Indian economy likely to grow at 6.2% next fiscal due to neutral policy settings, positive credit momentum
11 months, 2 weeks ago

Indian economy likely to grow at 6.2% next fiscal due to neutral policy settings, positive credit momentum

Firstpost  

The Indian economy is projected to expand by 6.2 per cent in the upcoming fiscal year, driven primarily by a favourable combination of neutral policy settings, positive credit momentum, and manageable macros despite 15-year high household debt levels, according to a report from a foreign brokerage on Tuesday. Despite the rising external headwinds, India is likely to grow 6.2 per …

India registered strong investment performance in 2023; headwinds in China from struggling property sector: UN
11 months, 2 weeks ago

India registered strong investment performance in 2023; headwinds in China from struggling property sector: UN

The Hindu  

India registered strong investment performance in 2023, driven by government infrastructure projects and multinational investments, the United Nations has said while noting that investment prospects in China face "headwinds" from a struggling property sector. “Investment prospects in China face headwinds from a struggling property sector, though government-led infrastructure investments are partially offsetting the shortfall in private investments. In contrast, India …

India rating upgrade possible only after fiscal deficit cut, says S&P
1 year ago

India rating upgrade possible only after fiscal deficit cut, says S&P

Live Mint  

India can improve its rating if the country significantly reduces its fiscal deficit, as per S&P's APAC Managing Director Kim Eng Tan. S&P's India GDP Outlook is Positive Last month the rating agency revised India's GDP growth projection for FY24 to 6.4 percent from 6 percent on the back of strong domestic tailwinds. “We have revised up our projection for …

Moody’s affirms India’s sovereign rating at ‘Baa3’; says GDP growth to support increase in income level
1 year, 4 months ago

Moody’s affirms India’s sovereign rating at ‘Baa3’; says GDP growth to support increase in income level

The Hindu  

Moody's on August 18 affirmed India's sovereign rating at 'Baa3' with a stable outlook and said high growth will support a gradual increase in income levels, which will further contribute to economic strength. "Moody's Investors Service has today affirmed the Government of India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating atBaa3. All three global rating …

Moody’s affirms India’s Baa3 rating, maintains ‘stable’ outlook on economy
1 year, 4 months ago

Moody’s affirms India’s Baa3 rating, maintains ‘stable’ outlook on economy

Live Mint  

Ratings agency Moody's has affirmed BAA3 rating on India and maintained a 'stable' outlook on the Indian economy. India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating remains at Baa3, while the other short-term local-currency rating stands at P-3, said Moody's in a statement on August 18. The Indian economy is likely to grow at 6.5 …

S&P retains India’s growth projection at 6% for FY24
1 year, 5 months ago

S&P retains India’s growth projection at 6% for FY24

The Hindu  

S&P Global Ratings on Monday, June 26, 2023, retained India's GDP growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations. "We see the fastest growth at about 6 per cent in India, Vietnam, and the Philippines, S&P Global Ratings said in its quarterly economic update for Asia-Pacific. S&P said retail inflation …

Growth in India is expected to slow to 6.3% in FY2023: World Bank
1 year, 6 months ago

Growth in India is expected to slow to 6.3% in FY2023: World Bank

The Hindu  

Growth in India is expected to slow to 6.3 % in FY 2023/24, a 0.3 percentage point downward revision from January, the World Bank said Tuesday but noted there is an unexpected resilience in private consumption and investment and robust growth in the services. “Growth in India is expected to slow further to 6.3 % in FY 2023/24, a 0.3 …

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN
1 year, 7 months ago

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN

News 18  

India’s economy is expected to grow by 6.7 per cent in the calendar year 2024, supported by resilient domestic demand, according to a UN report which said higher interest rates and weaker external demand will continue to weigh on investment and exports this year for the country. The World Economic Situation and Prospects as of mid-2023 released on Tuesday said …

Fitch pares India’s GDP growth forecast for this year to 6% from 6.2%
1 year, 7 months ago

Fitch pares India’s GDP growth forecast for this year to 6% from 6.2%

The Hindu  

Fitch Ratings has lowered its 2023-24 GDP growth forecast for India to 6% from 6.2%, citing headwinds from elevated inflation and interest rates along with subdued global demand, with the economy expected to rebound to 6.7% in 2024-25 as opposed to 6.9% projected earlier. While India will be one of the fastest-growing sovereigns rated by Fitch, bolstered by “resilient investment …

India said to bat for sovereign rating upgrade in review with global agencies
1 year, 9 months ago

India said to bat for sovereign rating upgrade in review with global agencies

The Hindu  

India is seeking an upgrade to its sovereign credit rating, currently at the lowest-possible investment grade, as the Asian nation believes its economic metrics have improved considerably since the pandemic, a senior government official said on Monday. The country's Finance Ministry met representatives from the top three rating agencies – Fitch Ratings, Moody’s Investors Service and S&P Global Ratings – …

India’s credit worthiness stable compared to negative outlook for the world: Moody’s
1 year, 11 months ago

India’s credit worthiness stable compared to negative outlook for the world: Moody’s

Live Mint  

NEW DELHI: The outlook on credit worthiness outlook for sovereigns in the Asia-Pacific region, including India, for 2023 is stable, compared to the negative outlook for sovereigns elsewhere, said rating agency Moody’s Investors Service on Monday. “The debt sustainability and financial stability are relatively well anchored in the region, with contained government liquidity risks, broadly stable debt dynamics and generally …

Keep an eye on these economic indicators in 2023
1 year, 11 months ago

Keep an eye on these economic indicators in 2023

Live Mint  

Global headwinds, tightening monetary policy and the lingering effects of the pandemic have combined to create a gloomy global outlook. In its December bulletin, the Reserve Bank of India said that with balance of risks being tilted towards a darkening global outlook and emerging markets appearing more vulnerable, the Indian economy needs support from domestic growth drivers. Sectoral deployment of …

Global slowdown not mirrored in India, says Finance Ministry
2 years ago

Global slowdown not mirrored in India, says Finance Ministry

The Hindu  

India’s economic momentum has been sustained well in the third quarter of 2022-23 and there is cause for cautious optimism as the slowdown in global economic activity is not mirrored in India’s performance of various high-frequency indicators, the Finance Ministry said on December 23, 2022. The downsides of India’s widening current account deficit are expected to be limited by a …

Fitch Ratings affirms India's sovereign rating at 'BBB-', with stable outlook
2 years ago

Fitch Ratings affirms India's sovereign rating at 'BBB-', with stable outlook

India TV News  

Fitch Ratings on Tuesday affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, saying the rating derives strengths from the country's robust growth outlook and still-resilient external finances. It said India's robust medium-term growth outlook is a key supporting factor for the rating. Nevertheless, risks remain given dynamics in labour force participation, the lagging rural sector recovery, and …

S&P cuts India's growth forecast to 7% for FY23
2 years ago

S&P cuts India's growth forecast to 7% for FY23

The Hindu  

S&P Global Ratings on November 28 cut India's economic growth forecast for current fiscal year to 7%, but said the domestic demand-led economy will be less impacted by the global slowdown. India's output will expand 7% in fiscal year 2022-2023 and 6% in next fiscal year," S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said. In its quarterly economic update …

S&P Global retains India’s 2022-23 growth hopes at 7.3%
2 years, 2 months ago

S&P Global retains India’s 2022-23 growth hopes at 7.3%

The Hindu  

S&P Global Ratings has retained its 2022-23 growth projection for India’s economy at 7.3%, citing a smaller impact from the global slowdown on its domestically-driven economy. India’s retail inflation is expected to stay above the 6% mark till the end of 2022, as wheat and rice prices are rising, core inflation has been ‘sticky’ and food inflation may rise again, …

Monthly economic review | India’s growth to be sustained by consumer spending rebound
2 years, 3 months ago

Monthly economic review | India’s growth to be sustained by consumer spending rebound

The Hindu  

A sharp rebound in consumer spending and rising employment will sustain economic growth in India in the months ahead, the government said in its monthly economic review for August published on Saturday. The report also said high levels of foreign exchange reserves, sustained foreign direct investment and strong export earnings have provided a reasonable buffer against monetary policy normalisation in …

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's
3 years ago

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's

Firstpost  

In a report, the rating agency said credit fundamentals are favourable for India’s companies on a sustained economic recovery and earnings of rated companies’ will rise on strong consumer demand and high commodity prices New Delhi: Moody’s Investors Service on Thursday said India’s rising vaccination rate, low interest rates and higher public spending drive the positive outlook for corporate sector. …

Fitch retains negative outlook for India’s sovereign rating
3 years, 1 month ago

Fitch retains negative outlook for India’s sovereign rating

Live Mint  

Fitch Ratings on Tuesday reaffirmed its lowest investment grade sovereign rating for India with negative outlook holding that the country’s rating balances a still-strong medium-term growth outlook and external resilience from solid foreign-reserve buffers, against high public debt, a weak financial sector and some lagging structural issues. However, the negative outlook on the rating reflects lingering uncertainty around the medium-term …

Moody’s upgrades outlook on India from ‘negative’ to ‘stable’
3 years, 2 months ago

Moody’s upgrades outlook on India from ‘negative’ to ‘stable’

Hindustan Times  

India on Tuesday had its sovereign credit rating outlook revised to stable from negative by Moody’s Investors Service, on receding risks posed by the financial sector to the overall economy. “The decision to change the outlook to stable reflects Moody’s view that the downside risks from negative feedback between the real economy and financial system are receding. In November 2017, …

Economy Healing: Moody's Revises India's Rating Outlook From Negative to Stable
3 years, 2 months ago

Economy Healing: Moody's Revises India's Rating Outlook From Negative to Stable

News 18  

Rating agency Moody’s on Tuesday revised India’s rating outlook to stable from the negative ranking earlier. Moody’s Investors Service had last year downgraded India’s sovereign rating to ‘Baa3’ — which is the lowest investment grade, just a notch above junk status — from ‘Baa2’, saying there will be challenges in the implementation of policies to mitigate risks of a sustained …

Credit rating upgrades at a decade’s high in April-September
3 years, 2 months ago

Credit rating upgrades at a decade’s high in April-September

Hindustan Times  

Credit ratings of Indian companies have improved significantly in the fiscal first half, indicating a likely end to pressures on the credit quality of firms that emerged from weak economic growth and covid-induced disruptions. Credit profiles were sustained by supportive monetary and fiscal measures such as the Reserve Bank of India’s resolution framework 2.0 for micro, small and medium enterprises, …

S&P Global Ratings lowers India's GDP growth forecast for FY22 to 9.5% from 11%
3 years, 5 months ago

S&P Global Ratings lowers India's GDP growth forecast for FY22 to 9.5% from 11%

Firstpost  

The agency lowered the growth outlook saying that a severe second COVID-19 outbreak in April and May led to lockdowns imposed by states and sharp contraction in economic activity New Delhi: S&P Global Ratings on Thursday cut India’s growth forecast for the current fiscal to 9.5 percent, from 11 percent earlier, and warned of risk to the outlook from further …

Fiscal metrics to stay weak on COVID: S&P
3 years, 7 months ago

Fiscal metrics to stay weak on COVID: S&P

The Hindu  

An ongoing second wave of COVID-19 infections in India could hurt its near-term economic recovery and possibly diminish growth for the full year, S&P Global Ratings said on Tuesday. “India’s COVID wave will inevitably hit the recovery and could push growth below 10%,” said Shaun Roache, chief economist, Asia Pacific at S&P. “The longer it takes to regain control, the …

Economic Survey 2021 Lambasts Biased Sovereign Credit Ratings; Asks Agencies To Be More Transparent, Less Subjective
3 years, 10 months ago

Economic Survey 2021 Lambasts Biased Sovereign Credit Ratings; Asks Agencies To Be More Transparent, Less Subjective

ABP News  

Coming down hard on sovereign credit ratings while describing them as “noisy, opaque and biased”, the Economic Survey 2020-21 on Friday said the ratings do not reflect the fundamentals of the Indian economy. Posing questions on India’s sovereign credit ratings, the survey said: “India's fiscal policy must, therefore, not remain beholden to such a noisy/biased measure of India's fundamentals and …

Economic Survey exhorts rating agencies to be more transparent, less subjective in sovereign rating
3 years, 10 months ago

Economic Survey exhorts rating agencies to be more transparent, less subjective in sovereign rating

The Hindu  

India's sovereign credit ratings do not reflect the economy's fundamentals, the Economic Survey said on Friday and nudged the global agencies to become more transparent and less subjective in their ratings. The Economic Survey 2020-21, tabled in Parliament, said that sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations, and suggested …

India’s Sovereign Credit Rating Does Not Reflect Its Fundamentals, Says Economic Survey 2021
3 years, 10 months ago

India’s Sovereign Credit Rating Does Not Reflect Its Fundamentals, Says Economic Survey 2021

News 18  

Economic Survey stated that India’s sovereign credit rating doesn’t reflect its fundamentals. “There is a large academic literature that highlights bias and subjectivity in sovereign credit ratings, especially against countries with lower ratings,” said the survey. “While sovereign credit ratings do not reflect the Indian economy’s fundamentals, noisy, opaque, and biased credit rating damage FPI flows. Sovereign credit rating methodology …

S&P Projects Indian Economy to Contract 9 Percent; Says Covid-19 Will Restrain Economic Activity
4 years, 3 months ago

S&P Projects Indian Economy to Contract 9 Percent; Says Covid-19 Will Restrain Economic Activity

News 18  

S&P Global Ratings on Monday slashed its growth forecast for India to 9 per cent in the current fiscal, from 5 per cent estimated earlier, saying that rising COVID-19 cases would keep private spending and investment lower for longer. "One factor holding back private economic activity is the continued escalation of the COVID-19," S&P Global Ratings Asia-Pacific Economist Vishrut Rana …

S&P expects India's economy to contract 9% in fiscal 2021
4 years, 3 months ago

S&P expects India's economy to contract 9% in fiscal 2021

India Today  

S&P Global Ratings said on Monday that it was expecting India's economy to shrink by 9% in the fiscal year ending March 31, 2021, larger than its previous estimate of a 5% contraction, as the country reels under the impact of the COVID-19 pandemic. S&P's latest revision comes three months after it made its projection on India's real GDP for …

Indian Economy to See Sharp V-shaped Recovery in Q3, Q4: 15th Finance Panel Chief NK Singh
4 years, 4 months ago

Indian Economy to See Sharp V-shaped Recovery in Q3, Q4: 15th Finance Panel Chief NK Singh

News 18  

India will see a sharp V-shaped recovery in the third and fourth quarter of the current fiscal, but FY21 GDP growth would ultimately be in negative territory as the coronavirus lockdown led to serious demand and supply dislocations, 15th Finance Commission Chairman NK Singh said on Monday. The growth projections for current year by various global and domestic agencies indicate …

Discover Related