The economy still faces important risks as it transitions from stabilisation to recovery and the country faces a permanent loss of about 10% of GDP output versus its pre-pandemic path. A sustained earnings rebound is key for ratings to stabilise
NEW DELHI: India will likely grow 10% in the next financial year, with economic recovery gathering steam, S&P Global Ratings said in a forecast on Tuesday.
This is a notch below the 11% growth projected by the Economic Survey for FY22, which it said, was a conservative estimate, based on continued normalisation of economic activities, covid-19 vaccination, and steps taken.
Source: livemint
