In November 2023, the US-based rating agency had projected India's growth to be 6.4 per cent in FY25. The rating agency flagged restrictive interest rates as the likely obstruction weighing on demand next fiscal year while regulatory actions to tame unsecured lending will affect credit growth.
"We expect India's real GDP growth to moderate to 6.8 per cent in fiscal year 2025 (ending March 2025)," S&P said. This is lower than Reserve Bank of India's (RBI) estimate of 7 per cent and the Government's own estimate of a GDP growth of around 7 per cent during the next fiscal year.
Bu hikaye The Business Guardian dergisinin March 27, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin March 27, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
India's forex reserves climb for second week in a row, up $2.6 bn
In India's foreign exchange reserves rose for the second consecutive week by USD 2.561 billion, reaching USD 644.151 billion as of May 10, 2024, according to the Reserve Bank of India (RBI).
INDIA'S OILMEAL EXPORTS SEE SLUGGISH START TO 2024-25, DOWN 6% IN APRIL
Soybean meal exports surged to 16.6 lakh tonnes, while rapeseed meal exports fell 23% to 9.3 lakh tonnes
POLICE ARRESTS KEJRIWAL'S AIDE IN MALIWAL CASE
Delhi police on Saturday detained Bibhav Kumar, an aide to Chief Minister Arvind Kejriwal, from the latter’s residence for allegedly assaulting AAP MP Swati Maliwal.
SC seeks Centre's response on marital rape case
The Supreme Court issued notice to the Centre a plea challenging the retention of the marital rape exception in the new criminal law, Bharatiya Nyay Sanhita.
TVS MOTORS LAUNCHES OPERATIONS IN ITALY
Chennai based global manufacturer in two and threewheeler sector, TVS Motor Company (TVSM), a leading has launched its operations in Italy.
'Ethylene oxide treatment done only for health of people', says FISS
The Federation of Indian Spice Stakeholders has stepped into the matter of Indian spices being banned in Singapore and Hong Kong, followed recently by Nepal stating that the treatment of Ethylene oxide (EtO) is done to save people from the harmful effects of processed food.
Sundaram Home Finance sees constant growth
Sundaram Home Finance expects the growth momentum to continue in the current financial year and would focus expansion into smaller towns, a top official has said.
SECOND EDITION OF THE CEPT CONFERENCES HELD
The second edition of the CEPT Conferences on ‘Urban Design in India’ and ‘Urban Planning in India’ were held on 8th May and 9th May 2024 respectively in Ahmedabad.
CAMERA MASTER TECNO CAMON 30 SERIES LAUNCHED WITH SONY IMX 890
Get ready to be amazed because TECNO, the global smartphone, just dropped the smartphone photography revolution: CAMON 30 Series.
EC ISSUES NOTICE TO EX-JUDGE OVER DEROGATORY REMARKS ON MAMATA
The Election Commission (EC) has issued a show cause notice to Former Calcutta High Court judge Justice Abhijit Gangopadhyay, a BJP candidate, for his comments directed at West Bengal Chief Minister Mamata Banerjee during a public meeting in Haldia on May 15.
