S&P forecasts India’s GDP development at 10% in FY22

New Delhi, February 17

S&P Global Ratings on Wednesday said India will be one of the fastest growing emerging market economies with a 10% growth in the next fiscal, and future sovereign rating action would hinge on lowering fiscal deficit and sustaining debt burden.

S&P Director, Sovereign & International Public Finance Ratings, Andrew Wood said the forecast for India in 2021 is on stronger side and shows that a lot of economic activity, which was frozen last year, is coming back on line to normalisation thereby brightening the growth prospects, as well as structural strengths of Indian economy coming back to the fore. — PTI

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