S&P Global Ratings Projects India’s GDP for FY22 at 9.50%; FY23 at 7.00%
- S&P Global Ratings has revised India’s growth forecast and now expects the economy to grow
- 9.5 percent in 2021-22 (FY22)
- 7.0 percent in 2022-23 (FY23)
- Sovereign rating: S&P has kept the lowest investment grade ‘BBB-‘ rating on India, with a stable outlook.
Source: Economic Times
Points to Remember:
- GDP of India in FY22 as per S&P Global ratings? 9.5%
- GDP of India in FY23 as per S&P Global ratings? 7%
- Sovereign Rating of India as per S&P Global Ratings? BBB-