{"id":104494,"date":"2023-06-26T10:37:03","date_gmt":"2023-06-26T05:07:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104494"},"modified":"2023-06-26T10:37:05","modified_gmt":"2023-06-26T05:07:05","slug":"sp-retains-fy24-india-growth-projection-at-6-to-be-fastest-growing-in-asia-pacific","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/sp-retains-fy24-india-growth-projection-at-6-to-be-fastest-growing-in-asia-pacific\/","title":{"rendered":"S&#038;P retains FY24 India growth projection at 6%, to be fastest growing in Asia Pacific"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1840657809\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>S&amp;P Global Ratings on Monday retained India&#8217;s GDP growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3626469316\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The GDP growth forecast for the current and the next fiscal has been kept unchanged from the forecast made in March partly on account of domestic resilience.<\/p><p>&#8220;We see the fastest growth at about 6 per cent in India, Vietnam, and the Philippines, S&amp;P Global Ratings said in its quarterly economic update for Asia-Pacific.<\/p><p>&#8220;The medium-term growth outlook remains relatively solid. The Asian emerging market economies remain among the fastest growing ones in our global growth outlook through 2026,&#8221; said Louis Kuijs, Asia-Pacific chief economist at S&amp;P Global Ratings.<\/p><div class=\"trade-content_5\" id=\"trade-3312794056\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>S&amp;P said retail inflation is likely to soften to 5 per cent this fiscal from 6.7 per cent, and the RBI is expected to cut interest rates only early next year.<\/p><p>&#8220;In India, under the assumption of normal monsoons, we expect headline consumer inflation to soften to 5 per cent in fiscal 2024 from 6.7 per cent. Softer crude prices and tempering of demand will bring down fuel and core inflation, respectively.<\/p><p>&#8220;The inflation and rate hike cycles have peaked, in our opinion. But we expect the Reserve Bank of India to cut rates only in early 2024, as it wants to see consumer inflation moving to 4 per cent&#8211;the centre of its target range,\u201d Kuijs said.<\/p><p>S&amp;P has lowered the growth forecast for China to 5.2 per cent from 5.5 per cent for 2023.<\/p><p>\u201cFor the rest of the region, we have left it broadly unchanged, in part because of domestic resilience,\u201d S&amp;P said.<\/p><div class=\"trade-after-content\" id=\"trade-2450161755\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>S&amp;P Global Ratings on Monday retained India&#8217;s GDP growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations. The GDP growth forecast for the current and the next fiscal has been kept unchanged from the forecast made in March partly on account of domestic resilience. &#8220;We see [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":97487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-104494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>S&amp;P retains FY24 India growth projection at 6%, to be fastest growing in Asia Pacific - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"S&amp;P Global Ratings on Monday retained India&#039;s GDP growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/sp-retains-fy24-india-growth-projection-at-6-to-be-fastest-growing-in-asia-pacific\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P retains FY24 India growth projection at 6%, to be fastest growing in Asia Pacific\" \/>\n<meta property=\"og:description\" content=\"S&amp;P Global Ratings on Monday retained India&#039;s GDP growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/sp-retains-fy24-india-growth-projection-at-6-to-be-fastest-growing-in-asia-pacific\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-26T05:07:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-26T05:07:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/sp-global-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/sp-global-cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/sp-retains-fy24-india-growth-projection-at-6-to-be-fastest-growing-in-asia-pacific\/\",\"url\":\"https:\/\/tradebrains.in\/features\/sp-retains-fy24-india-growth-projection-at-6-to-be-fastest-growing-in-asia-pacific\/\",\"name\":\"S&P retains FY24 India growth projection at 6%, to be fastest growing in Asia Pacific - 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