S&P cuts India’s GDP Growth Forecast to 9.8% for FY22

S&P cuts India’s GDP Growth Forecast to 9.8% for FY22

S&P Global Ratings has downgraded India’s growth rate forecast to 9.8 percent for the financial year 2021-22 (FY22). due to COVID-19’s 2nd wave and lockdowns in India.

• prior to this, S&P predicted 11 percent for the financial year 2021-22 (FY22).

Goldman Sachs cuts India’s GDP growth forecast to 11.1% in FY22

About S&P Global Ratings –

Headquarters: New York, United States
Founder: Henry Varnum Poor
Founded: 1860

Barclays cuts India’s GDP Growth Forecast to 10% in FY22

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