As Chinese economy slows, India's GDP to grow 7% in 2026: S&P
Asia-Pacific's growth engine to shift from China to South and Southeast Asia, says S&P Global Ratings
Asia-Pacific's growth engine to shift from China to South and Southeast Asia, says S&P Global Ratings
Global credit ratings agency cuts medium-term growth estimate for 10 emerging markets to 4%
The growth estimates for India are lower than the government and the RBI's forecast of 6.5% growth in FY24
Credit ratings agency says India's economy is set for real GDP growth of 6% this year, thereby performing well despite global challenges
Titled ‘Indian Finance Company Outlook 2023’ the report says the economic recovery and good buffers will support the credit profiles of domestic financial companies despite a rise in interest rates.
The fall in its forex reserves to around $533 billion currently, from a peak of about $634 billion in 2021, is driven in part by India's growing current account deficit, says S&P.