S&P Global Ratings raises India’s FY 22 GDP forecast to 11 percent

S&P Global Ratings raised India’s growth forecast for the financial year 2021-22 to 11 percent from 10 percent, led by an expansionary fiscal policy aimed at boosting domestic private spending. It has also raised the 2021 growth forecast for China to 8 percent from 7 percent on stronger-than-expected exports and lingering momentum in the property market.