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INDIA SET FOR RESILIENT GROWTH IN 2025, MODEST INTEREST RATE CUT EXPECTED: S&P
Hindustan Times Jammu
|December 11, 2024
NEW DELHI: S&P Global Ratings on Tuesday said the Indian economy is set for "resilient growth" in 2025 and projected inflation pressure to recede, which will lead to "modest" easing of the monetary policy by the RBI.
In its India outlook for 2025, S&P also retained India's growth forecast for current fiscal at 6.8%, followed by 6.9% growth in 2025-26.
"The Indian economy is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth and ongoing investment in infrastructure," Vishrut Rana, Economist at S&P Global Ratings, said.
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