S&P Global Ratings on Monday retained India's GDP forecast for the current financial year 2024-25 at 6.8 per cent while cutting economic growth forecasts for the next two years.
Claire Yuan, S&P Global Ratings credit analyst, said, "By our estimate, rated carmakers will be spending more than US$20 billion building electric vehicle [EV] production in South and Southeast Asia for the next few years. The expansion will likely enhance the business strength of some r
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This investment plan is nearly three times the amount spent by these large business groups in the previous ten years, signaling a strong push toward growth and diversification.
Pune (Maharashtra) [India], October 10: With the festive season just around the corner, excitement for new possibilities and grand celebrations fills the air. For many, it is the perfect moment to chase a long-cherished dream--owning a new car. While the process of selecting the right new ca
India should develop a regional network of vital ports to fully capitalise on the opportunities for trade growth along its coastline, according to S&P Global Ratings.
This comment from the global credit rating followed the July 25 Supreme Court ruling that granted state governments the power to tax mineral resources and clarified that royalties paid by miners do not qualify as taxes.
Recognising the impact of digitisation in the country, S&P Global Ratings said that the state-backed digital initiatives will underpin a tripling of Indian retail borrowing by 2030, lifting Indian households' debt to about USD 2.5 trillion or about 34 per cent of GDP.
Welcoming the revision of India's outlook in S&P Global Ratings from stable to positive, Union Minister Piyush Goyal said it is a rightful recognition of PM Modi's effective management of the economy.
S&P Global Ratings on Wednesday revised its rating outlook on India to positive from stable, and added that it expects continuity in economic reforms and fiscal policies regardless of the Lok Sabha election outcome.