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S&P Global Ratings has kept its forecast for India's economic growth unchanged at ____% in FY 2023-24.
A)
6%
B)
7%
C)
7.4%
D)
8%

Correct Answer :   6%


S&P Global Ratings has kept its forecast for India's economic growth unchanged at 6% for 2023-24 and 6.9% for 2024-25.

* In the quarterly economic update for Asia-Pacific, S&P highlighted that the inflation rate will be eased to 5% in 2023-24 from 6.8% in the current financial year (2022-23).

* It has also been forecasted that the GDP of India will grow by 7% in the current financial year ending March 31 (2022-23).

* "India leads, with average growth of 7% in 2024-2026," the update said.

* S&P expects the subcontinent's GDP to rise to 6.9% in 2024-25 and 2025-26 and later to 7.1% in 2026-27..

Source : India Times

Published On : March 28, 2023
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