S&P Projects India’s Growth Forecast for FY22 to 9.5%
- S&P Global Ratings has revised India’s growth forecast due to sharp contraction in economic activity. The revised GDP growth rate are as follows:
- 2021-22 (FY22) – 9.5 percent (Earlier it was 11 percent)
- 2022-23 (FY23) – 7.8 percent
Source: Business Standard
Points to Remember:
- GDP growth rate of India in FY22 as per S&P?
- GDP growth rate of India in FY23 as per S&P?