S&P retained India's GDP growth forecast for 2023-24 at six percent

-


Mumbai: Rating agency S&P Global Ratings has kept India's economic growth forecast unchanged at 6 percent for the next financial year starting April 1. The agency expects it to increase to 6.9 percent in the next financial years 2024-25 and 2025-26.

In its quarterly economic data update for Asia-Pacific, S&P said the inflation rate will ease from 6.8 percent in the current fiscal year to five percent in 2023-24. At the same time, India's gross domestic product (GDP) is expected to grow at seven per cent in the current financial year (2022-23) but will decline to six per cent in 2023-24.

India's average growth rate will be seven percent in 2024-2026. Subsequently, GDP is projected to grow at 6.9 per cent in 2024-25 and 2025-26, 7.1 per cent for 2026-27.

The rating agency said, 'India's economy has traditionally been driven by domestic demand. However, it has since become more sensitive to the global cycle, partly due to increased exports. In October-December 2022, GDP growth slowed to 4.4 percent year-on-year.

It said, 'India's consumer price index (SRPI)-based inflation should moderate to 5 percent in the fiscal year ending March 2024. The agency said China's economy is on track to recover this year.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more