New Delhi, 14 November (HS). India will grow at an annual growth rate of 6.5-7 per cent in the three fiscal years till March 31, 2027, S&P Global Ratings said in its forecast on the country’s economic growth rate released on Thursday.
The rating agency, in its Global Bank Outlook report, has said that the Indian economy will grow over the three financial years (2024-25, 2025-26 and 2026-27) till March 31, 2027, with growth driven by infrastructure spending and private consumption. It is estimated to grow between 6.5-7 percent annually. Additionally, S&P said in its Global Bank Outlook report that good economic growth prospects will continue to support banks’ asset quality, while healthy corporate books, tighter ‘underwriting’ standards and better risk management practices will further stabilize asset quality. Will do.
Earlier, the Reserve Bank of India (RBI) has estimated India’s gross domestic product (GDP) growth rate to be 7.2 percent for the current financial year 2024-25. In the last financial year 2023-24, the country’s economic growth rate was 8.2 percent.
