S&P Global Ratings cut India’s GDP projection for the current fiscal to 7.3% from 7.8% on rising inflation and the Russia-Ukraine conflict.
S&P Global Ratings suggestions: Central banks to raise rates more than what was currently priced in, risking a harder landing which includes a larger hit to output and employment.
- World Bank: 8%
- International Monetary Fund: 8.2%
- Asian Development Bank: 7.5%
- Reserve Bank of India: 7.2%
