Indian growth

Recovery may strengthen further in H2, says Finance Ministry

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Recovery may strengthen further in H2, says Finance Ministry

India’s economic recovery is expected to strengthen in the remaining quarters of the current fiscal year with the investment cycle kicking off, the finance ministry said, projecting 7% annual growth until the end of the decade. The recovery theme is backed by upbeat market sentiment, vaccination coverage, strong external demand and policy support from the … Read more

Impact of new strain on India to be contained, says S&P

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Impact of new strain on India to be contained, says S&P

Global rating agency S&P said the impact of the new coronavirus variant on India’s economic outlook would be contained. It expects India’s economy to grow 9.5% in FY22 and 7.8% in FY23. “We are seeing a healthy recovery,” Andrew Wood, director, sovereign ratings, S&P said in a virtual conference on Tuesday. He said it was … Read more