S&P Global ups India’s growth forecast for 2024-25 ...Middle East

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Mumbai: S&P Global Ratings on Tuesday raised India’s growth forecast for 2024-25 by 0.4 per cent to 6.8 per cent on the back of strong domestic demand. “For Asian emerging market (EM) 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 November, last year, S&P Global had projected India’s growth to be 6.4 per cent in 2024-25 fiscal on robust domestic momentum. However, despite the hike, the latest projection by the global rating agency is lower than 7 per cent estimates projected by the RBI and the Finance Ministry for the next financial year. In largely domestic demand-led

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