S&P Global Market Intelligence revises India’s FY25 growth forecast to 6.8%

News Snapshot:

In line with the projections from global agencies, the S&P Global Market Intelligence revised its forecast for India's growth to 6.8% for fiscal year 2025. Earlier, the rating agency predicted that India would grow at 6.6% during FY24-25. S&P Global Market Intelligence also raised its global growth forecast for 2024 from 2.3% to 2.6%. “We have revised up 2024’s growth forecast for India due to stronger than expected momentum at the start of the year. An improving global economic environment and an expected gradual easing of domestic financial conditions will support economic activity," the news platform Economic Times quoted S&P...