New Delhi: Among emerging market economies, India shines as a star, says ‘S&B Global Ratings’.
In this regard, the company’s report states: Rising interest rates and the increasing European energy crisis are affecting growth in every country. But India is a star among emerging market economies, with growth of 7.3 percent in the current fiscal year.Inflation has eroded real household incomes.
Business confidence has deteriorated. As a result, growth in emerging markets slowed in the second quarter. In our view, growth in the 16 emerging economies excluding China will reach 5.2 percent this year. India will be the star among these countries with a growth of 7.3 percent. For the US, a small-scale recession
We expect. This is stated in the report.
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