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

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

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.

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.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?