💨 Abstract

S&P Global Ratings has maintained India's growth forecast at 6.8% for the current fiscal and anticipates the Reserve Bank of India (RBI) to start cutting interest rates in its October monetary policy review. The report notes a moderation in GDP growth in the June quarter due to high interest rates affecting urban demand. The union budget has earmarked a capital expenditure of Rs 11.11 lakh crore for the current fiscal.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖