S&P reaffirms India's rating at 'BBB-', says growth likely to recover |

[bhaigan]

NEW DELHI: Rating agency S&P Global on Thursday reaffirmed India’s long-term rating at ‘BBB-’ -- the lowest investment grade score -- with a stable outlook, saying the country’s growth will stabilise and begin to recover from its current low ebb.
 

“Fiscal deficit will remain broadly in line with our forecasts over the next two years,” the agency added.

The rating agency, however, pointed out that India's fiscal position remains precarious, with elevated fiscal deficits and net government indebtedness.

S&P expects that the economy will continue to outperform peers at a similar level of income, despite a recent slowdown in real GDP growth. It also said that the supportive monetary, fiscal, and cyclical factors should support economic recovery, with real GDP growth averaging 7.1 per cent in fiscals 2020-2024.
 

 

[bhaigan]

Ltt

[Spartan]

wasnt that obvious..

[ARYA]

19 minutes ago, Spartan said:

wasnt that obvious..

Yep