S&P retains India's FY25 GDP forecast at 6.8%; lower than RBI's estimate
Global ratings agency says high interest rates and lower fiscal spur tempering demand in non-agricultural sectors
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June 2024
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July 2018
S&P upgrades sovereign outlook on India to ‘positive’
Ratings revised on robust growth and rising quality of government spending; 'BBB-/A-3' ratings affirmed
India to grow fastest in Asia-Pacific at 6% in FY24: S&P
S&P sees the fastest growth at about 6% in India, Vietnam, and the Philippines; forecasts inflation to soften to 5% in FY24
Falling forex reserves, rising CAD may shake India's sovereign ratings: S&P
The fall in its forex reserves to around $533 billion currently, from a peak of about $634 billion in 2021, is driven in part by India's growing current account deficit, says S&P.
Moody’s India downgrade is not unexpected: BofA Securities
While the rating agency downgraded India’s sovereign rating, BofA Securities’ economists see the present downturn as cyclical rather than structural; say fiscal stimulus is critical for recovery.
Turnaround for Indian banks likely in FY20: S&P
More realistic NPA recognitions, rebounding corporate profits, and quicker NPA resolution under the IBC will help banks recover from a protracted bad-debt cycle, according to the ratings major.
