S&P Global Ratings has said that India will be one of the fastest growing emerging market economies with a 10 per cent growth in the next fiscal.
S&P Director, Sovereign & International Public Finance Ratings, Andrew Wood said this while speaking in a webinar on India outlook for 2021. He said the forecast for India in 2021 is on the stronger side and shows that a lot of economic activity, which was frozen last year, is coming back on line to normalisation.
S&P said India’s economy has stabilised over recent months, with progressively better manufacturing, services, labour market, and revenue data. The hard part will be converting these trends into a sustained recovery over the next few years.