Morgan Stanley Raises India's GDP Growth Expectation for FY25 to 6.8%
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S&P Global Ratings has revised its outlook on India's GDP growth for the current financial year, increasing it to 6.4% from the previous estimate of 6% . The agency attributes this upward revision to robust domestic momentum, which has offset challenges from high food inflation and weak exports . However, S&P Global expects growth to slow in the second half of the fiscal year due to subdued global growth, a higher base, and the lagged impact of interest rate hikes by the Reserve Bank of India . As a result, the agency has lowered its growth outlook for FY25 to 6.4% from the earlier target of 6.9% .
In a recent update, S&P Global has further increased its growth forecast for India to 6.8% for FY25 . The Indian economy is estimated to have grown by 7.6% in the current fiscal year . This rev...
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