Categories: Economy

GDP Growth: S&P projected India’s GDP growth forecast at 9.5% in FY22

S&P Global Ratings has retained the Gross Domestic Product (GDP) growth forecast of India unchanged at 9.5 percent for the financial year 2021-22 (FY22) and 7.8 per cent for the year ending FY23. GDP growth projection of India was revised for FY 24 to 6 per cent from 5.7 percent estimated earlier. Rising inflation is a pressure point, unlike elsewhere in emerging Asia, but external demand continues to support growth, S&P noted.

Important takeaways for all competitive exams:

S&P Global Ratings Headquarters: New York, New York, United States;
S&P Global Ratings Founder: Henry Varnum Poor;
S&P Global Ratings Founded: 1860;
S&P Global Ratings President: John L. Berisford.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.