S&P Global Ratings has kept India’s sovereign rating unchanged at the lowest investment grade of ‘BBB-’ for the 14th year in a row, and said the government’s ability to execute additional economic reforms that spur investment and create jobs will be crucial for recovery from the current economic slowdown. S&P projected a 9.5% GDP growth in the current fiscal year that began in April and a 7.8% expansion in the following year. The GDP which shrank from $2.87 trillion in 2019-20 to $2.66 trillion in the following year is projected to expand to $3.96 trillion in 2024-25. Prime Minister Narendra Modi in 2019 envisioned making India a $5 trillion economy and a global economic powerhouse by 2024-25.
As I See It
Making diaspora invest in India a challenge
“The unresolved issue with the NRIs is that the Indian government just does not know what it can do with them. The government wants their money, no doubt, and they are indeed sending money home, […]
Astrology
Birthday Horoscope- June 26 to July 2
June 26 Ganesha says today, the celestial forces urge you to draw upon the caring and nurturing characteristics inherent in your identity. These traits, centered on kindness and empathy, are your superpowers. Your intuition, sharp […]
E-Edition
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