Categories: Economy

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

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