{"id":131715,"date":"2023-03-28T12:18:46","date_gmt":"2023-03-28T06:48:46","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=131715"},"modified":"2023-03-28T12:18:48","modified_gmt":"2023-03-28T06:48:48","slug":"sp-keeps-indias-economic-growth-forecast-unchanged-at-6-for-fy24","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/sp-keeps-indias-economic-growth-forecast-unchanged-at-6-for-fy24\/","title":{"rendered":"S&amp;P keeps India\u2019s economic growth forecast unchanged at 6% for FY24"},"content":{"rendered":"\n<p><strong>S&amp;P keeps India\u2019s economic growth forecast unchanged at 6% for FY24:<\/strong> S&amp;P Global Ratings has maintained its earlier forecast for India&#8217;s economic growth rate of 6% in the fiscal year beginning April 1, with an increase to 6.9% the following year. In its latest quarterly economic update for Asia-Pacific, S&amp;P predicted that the inflation rate would decline to 5% during the 2023-24 fiscal year, down from the current financial year\u2019s 6.8%.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>S&amp;P: India\u2019s gross domestic product (GDP) growth:<\/strong><\/p>\n\n\n\n<p>According to the report, India&#8217;s GDP is expected to grow by 7% in the current fiscal year, which ends on March 31, 2023, before slowing to 6% in the following fiscal year, 2023-24. The report also highlighted that India is leading with an average growth rate of 7% during 2024-2026.<\/p>\n\n\n\n<p><strong>S&amp;P: India\u2019s Steady Growth Rate, Exports and more:<\/strong><\/p>\n\n\n\n<p>The rating agency has projected that GDP will increase to 6.9% in the next two financial years, 2024-25 and 2025-26, with a further rise to 7.1% in 2026-27.<\/p>\n\n\n\n<p>According to the report, India&#8217;s economy has traditionally been driven by domestic demand, but has recently become more responsive to the global economic cycle, partly due to increased commodity exports. As a result, the year-on-year GDP growth rate slowed to 4.4% during the fourth quarter (October-December 2022), according to the rating agency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P keeps India\u2019s economic growth forecast unchanged at 6% for FY24: S&amp;P Global Ratings has maintained its earlier forecast for India&#8217;s economic growth rate of 6% in the fiscal year beginning April 1, with an increase to 6.9% the following year. In its latest quarterly economic update for Asia-Pacific, S&amp;P predicted that the inflation rate [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":131716,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5004],"tags":[82,1424],"offerexpiration":[],"class_list":["post-131715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-march-2023","tag-economy-current-affairs","tag-gdp-growth"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/131715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=131715"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/131715\/revisions"}],"predecessor-version":[{"id":131717,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/131715\/revisions\/131717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/131716"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=131715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=131715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=131715"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=131715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}