Tag: s&p global ratings

NEW DELHI: S&P Global Ratings on Monday retained India's growth forecast for current fiscal at 6 per cent citing slowing world economy, rising risk of subnormal monsoons and delayed effect of rate hike.The US-based agency sees the recent spike in vegetable price inflation as being temporary, but revised up the full fiscal retail inflation forecast to 5.5 per cent, from 5 per cent earlier, on higher global oil prices."Growth this year will be weaker than in 2022, but our outlook remains broadly favourable. Notwithstanding the strong expansion in...