India’s economic recovery gaining steam, S&P says ...News

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South Asia’s largest economy, India, is on track to recover from a pandemic-led contraction by next year, according to ratings agency S&P Global. It expects the economy to grow ten percent in fiscal 2022. “Consistently good agriculture performance, a flattening of the Covid-19 infection curve, and a pickup in government spending are all supporting the economy,” the agency said in its report on Tuesday. For the full fiscal 2021, which ends on March 31, India’s economy is expected to shrink 7.7 percent. The speed with which the economy recovers from the coronavirus crisis will have “important implications” for the country’s sovereign cre

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India’s economic recovery gaining steam, S&P says ...News

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