Question

    According to the S&P Global Ratings, India is likely to

    grow at ______ for the next three years, retaining its tag as the fastest-growing major economy.
    A 6.7 percent Correct Answer Incorrect Answer
    B 6.4 percent Correct Answer Incorrect Answer
    C 6.6 percent Correct Answer Incorrect Answer
    D 6.8 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the S&P Global Ratings, India is likely to grow at 6.7% for the next three years, retaining its tag as the fastest-growing major economy.  The economic outlook announced by the global rating agency kept India’s growth forecast unchanged at 6% for this fiscal, projecting a sharp bounce back to 6.9% in FY25 and FY26.     On the inflation front, S&P projected that softer crude prices and tempering of demand are likely to bring down fuel and core inflation. It projected 5% inflation in FY24, on the assumption of a normal monsoon, further declining to 4.5% over the next two years.

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