S&P projects 6.5 - 7 per cent annual growth for the Indian economy

09 Dec 2024 CW Team

S&P Global Ratings has projected that the Indian economy will grow between 6.5-7 per cent annually in the three fiscal years till March 2027 as infrastructure spending and private consumption drives growth momentum.

In its global bank outlook report, S&P Global Ratings also said that good economic growth prospects will continue to support banks' asset quality, while healthy corporate balance sheets, tighter underwriting standards and improved risk management practices will further stabilise asset quality.

It said that structural improvements and good economic prospects will support the resilience of India's financial institutions. India's infrastructure spending and private consumption will support robust economic growth.

The US-based rating agency further said that the Reserve Bank of India (RBI) is becoming more vocal and imposing heavy penalties on banks even as it focuses on technology, compliance, customer complaints, data privacy, governance and know-your-customer issues.

Real Estate

03 Jun 2026

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..

NICDC Hosts Workshop on BHAVYA Scheme and Testing Infrastructure

National Industrial Corridor Development Corporation (NICDC) organised a workshop in New Delhi to discuss the Bharat Audyogik Vikas Yojana (BHAVYA) Scheme and National Test House and Bureau of Indian Standards testing facilities. The event, under the Department for Promotion of Industry and Internal Trade, drew more than 100 representatives from 31 States and Union Territories and senior officials from central agencies. The sessions sought to align quality assurance, infrastructure planning and investor facilitation to accelerate industrial park readiness. The first session examined laboratory..