India’s GDP growth in coming quarters to remain strong despite inflation: S&P
India Today
India's economic growth will remain strong in the coming quarters despite elevated inflation due to high food prices.
India is expected to post strong economic growth in the coming quarters, even as inflation, led by food prices, is likely to remain elevated, S&P Global Ratings said on Wednesday. The economy is expected to clock 9.5 per cent growth in the current fiscal year, followed by 7 per cent expansion in the next year, it said, adding high nominal GDP growth would be important for ensuring fiscal consolidation going forward.More Related News