The S&P Global Ratings has projected that India will be one of the fastest-growing emerging market economies in the fiscal year 2021-22, with a GDP growth rate of 10 per cent. The continuous good performance by the agriculture sector, flattening of COVID-19 infection curve, pickup in government spending and the recently released budget are some of the factors for the positive growth prospect of the country.
Important takeaways for all competitive exams:
- S&P Global Ratings Headquarters: New York, United States.
- President of S&P Global Ratings: John Berisford.