The S&P Global Ratings is out with its take on the Indian economy, in light of the recent fiscal budget. Key takeaways India’s bigger budget is a shot in the arm for the economy Currently see no material effect from budget on India’s key credit factors. India economy’s brightening growth prospects will be critical to maintaining sustainability of public finances. India general government debt likely to hover at more than 90% of GDP over next few years. It will take a long time for India’s economy to heal from the pandemic. Forecast India real GDP growth of 10% in fiscal 2022 as activity resumes, country continues to reopen. Estimate India general govt net stock of debt will surge by about 18% to 92% of GDP by end of fiscal 2021. India government’s disinvestment campaign will be crucial to its revenue prospects. Indian government’s INR200 billion capital allocation for public sector banks sufficient for now. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Rising bets for a move below 1.2050 – UOB FX Street 1 year The S&P Global Ratings is out with its take on the Indian economy, in light of the recent fiscal budget. Key takeaways India's bigger budget is a shot in the arm for the economy Currently see no material effect from budget on India’s key credit factors. India economy's brightening growth prospects will be critical to maintaining sustainability of public finances. India general government debt likely to hover at more than 90% of GDP over next few years. It will take a long time for India’s economy to heal from the pandemic. Forecast India real GDP growth of 10% in fiscal… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
