S&P Global cuts India’s growth to 6.6% due to energy stress, sub-par monsoon
S&P Global Ratings cut India's GDP growth to 6.6 per cent in the current fiscal year, driven by energy stress, a sub-par monsoon and slowing global growth.
S&P Global Ratings cut India's GDP growth to 6.6 per cent in the current fiscal year, driven by energy stress, a sub-par monsoon and slowing global growth.
“Looking ahead, he said the maritime sector is expected to attract about Rs 8 trillion in investment and create around 1.5 crore jobs by 2047,” the minister said.
State Bank of India (SBI) in its research report has projected India’s GDP growth for Q4 FY25 at around 6.4-6.5 per cent, and for FY25, at 6.3 per cent.
Prime Minister Narendra Modi, on Tuesday, emphasised the significance of the energy sector in India’s growth trajectory and connected it with the global growth. He said, “India is driving not only its growth but also the growth of the world, with the energy sector playing a significant role.”
India's economy is projected to grow by 6.6 per cent in 2025, following an estimated expansion of 6.9 per cent in 2024, UN World Economic Situation and Prospects (WESP) 2025 report said.
Stressing that the economic growth must be gender neutral, he pointed out that the government has successfully changed the earlier narrative which credited the growth of the economy to the contribution made by men and men alone.
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