The rating agency's positive outlook on India is predicated on its robust economic growth, pronounced improvement in the quality of government spending, and political commitment to fiscal consolidation.
As per the World Economic Outlook report, India continues to be the fastest-growing economy of the world, ahead of China's growth projection of 4.6 per cent during the same period.
India has emerged as the fifth most attractive growth destination, slipping one position after being surpassed by the United Kingdom, according to a global survey of CEOs.
A faster recovery keeps more of the economy's supply side intact and can set India up for more prolonged above-average growth during the recovery phase, S&P Global Ratings said in a statement.
Mumbai: Citigroup has said if India continues to surprise in the New Year the way it did in 2014, then there are more upsides on its way which could well be capped by a sovereign
New Delhi: India has the potential to achieve 9 per cent growth rate and become a USD 10 trillion economy by 2034 on the back of concerted efforts by the corporate sector and a constructive
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