S&P Global has increased its GDP growth projection for India in the fiscal year 2024-25 by 40 basis points, raising it to 6.8%. This upward revision indicates optimism about India's economic performance in the coming year.
The improved forecast suggests potential for stronger economic activity and recovery from the challenges posed by the COVID-19 pandemic. This adjustment reflects positive sentiment towards India's economic prospects, indicating resilience and potential for growth in the near future.