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In a recent update on the banking sector in the Asia-Pacific region, S&P Global Ratings has projected that Indian banks will sustain robust credit growth, profitability, and asset quality in the current fiscal year, buoyed by the nation's strong economic trajectory.

S&P Global ratings forecasts Indian banks to have a balanced growth amid deposit challenges

April 28, 2024, 03:21 PM - 2 min read

S&P Global Ratings Director SSEA, Nikita Anand, emphasized during a webinar that while credit growth in the sector is expected to remain formidable, it could see a moderation to 14 percent in the fiscal year 2025 from the current 16 percent in FY24.

“India’s economy is a sleeping giant. Once it awakens, it will be a force to be reckoned with”, quoted the Chinese business magnate Jack Ma.
Certainly, with time India's economic journey has garnered international attention with influential global agencies revising their GDP forecasts upwards.

Is India becoming globally endorsed economically?

April 18, 2024, 01:17 PM - 2 min read

The President of the European Central Bank, Christine Lagarde, aptly identifies the essential elements that propels India to greater heights, a path that the nation must tread upon, she states, “India’s story is one of the most compelling in the world, It has all the right ingredients for economic success, a young and dynamic population, a growing middle class, a diverse economy and a vibrant democracy”

S&P Global has revised its forecast for India's real economic growth in the upcoming financial year (2024-25), signaling both optimism and caution amidst a complex economic landscape.

S&P raises India growth forecast for FY25 to 6.8 per cent

March 27, 2024, 01:37 PM - 2 min read

In its "Economic Outlook Asia-Pacific report," S&P Global highlighted several factors expected to influence India's economic trajectory in the coming year. Among these factors are anticipated higher interest rates, a crackdown on unsecured lending, and efforts to reduce the fiscal deficit.