S&P Projects India’s GDP Growth Forecast at 11% in FY22

The S&P Global Ratings has estimated the Indian economy to grow at 11 per cent in the current fiscal, i.e. 2021-22 (FY22). In terms of the sovereign rating, S&P currently has a ‘BBB-‘ rating on India with a stable outlook. Earlier, for 2020-21, the S&P estimated the Indian economy to contract 8 per cent.

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