S&P retains India’s 9.5% growth forecast for FY22; consumption, domestic macro indicators weak

S&P Global Ratings on Tuesday said there were indications of a strong rebound in economic activity in India after the second wave of the Covid-19 pandemic waned even as it maintained its FY22 growth forecast for India at 9.5%. It also said that inflation remains relatively high, and public debt worries persist. “In India, domestic … Read more