According to the S&P Global Ratings, India is likely to grow at ______ for the next three years, retaining its tag as the fastest-growing major economy.

Solution

According to the S&P Global Ratings, India is likely to grow at 6.7% for the next three years, retaining its tag as the fastest-growing major economy.  The economic outlook announced by the global rating agency kept India’s growth forecast unchanged at 6% for this fiscal, projecting a sharp bounce back to 6.9% in FY25 and FY26.     On the inflation front, S&P projected that softer crude prices and tempering of demand are likely to bring down fuel and core inflation. It projected 5% inflation in FY24, on the assumption of a normal monsoon, further declining to 4.5% over the next two years.