S&P raises India’s FY22 GDP growth forecast to 11% from 10%

S&P Global Ratings raised India’s growth forecast for the financial year 2021-22 to 11% from 10% earlier, led by an expansionary fiscal policy aimed at boosting domestic private spending. It has also raised the 2021 growth forecast for China to 8% from 7% on stronger-than-expected exports and lingering momentum in the property market.

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Important takeaways for all competitive exams:

• S&P Global Ratings Headquarters: New York, United States.
• President of S&P Global Ratings: John Berisford.

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