Indian economy resilient, to grow at 6.8%: S&P Global – The Tribune-OxBig News Network

The Indian economy is set for “resilient growth” in 2025 and projected inflation pressure to recede would lead to “modest” easing of the monetary policy by the RBI, said S&P Global Ratings on Tuesday.

In its India outlook for 2025, S&P also retained India’s growth forecast for current fiscal at 6.8 per cent, followed by 6.9 per cent growth in 2025-26.

“The Indian economy is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth and ongoing investment in infrastructure,” Vishrut Rana, Economist at S&P Global Ratings, said.

Last week, the RBI retained benchmark interest rates at 6.5 per cent to control inflation, but cut the cash reserve ratio by 50 basis points to infuse liquidity into the system. “Creating enough jobs, further infrastructure and technology improvement, and stronger public and household balance sheets can support economic growth,” Rana said.