Diabytes
S&P Global News
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Demand for Indian goods and services continued to improve in December, as seen by a sharp increase in new orders that was the most pronounced since July. Service providers led the rise in sales, although growth strengthened across the two tracked sectors.
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S&P Global foresees loan growth slightly outpacing nominal GDP, particularly in the retail segment. However, deposit growth may lag, potentially impacting credit-to-deposit ratios.
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In November, last year, S&P Global had projected India's growth to be 6.4 per cent in 2024-25 fiscal on robust domestic momentum.
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COVID-19 remains key risk for economy.
New infections spiked in recent weeks.
Country in middle of second pandemic wave.
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S&P`s lead global sovereign analyst said last week that India`s 7 percent annual growth would be enough to keep the Indian government`s investment grade BBB- rating stable.
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