New Delhi, April 14 (IANS) India can withstand a sharp energy shock due to its strong domestic fundamentals, potential government support, and significant improvement in corporate and banking sector health over the past few years, a report said on Tuesday.The report from S&P Global Ratings said robust corporate balance sheets and banks’ strong capital and profitability would cushion the economy against higher energy prices.”India’s robust external position gives it buffers to absorb some s…
Latest S&P Global Ratings News & Updates
New Delhi, March 30 (IANS) The Middle East crisis poses a greater risk to Bangladesh, Pakistan and Sri Lanka, among the South Asian countries, due to their high dependence on imported energy and limited reserve supplies, according to an S&P Global Ratings report.Since these countries are particularly vulnerable to rising oil prices and potential supply disruptions, a prolonged price and supply shock in global energy markets could hit their sovereign credit ratings, the report states.S&P …
New Delhi, Feb 4 (IANS) With a young population and rapid urbanisation, India is creating a huge pool of consumers apart from increasing exports, billionaire investor Mark Mobius said on Wednesday, adding that India will stay on the path to becoming the third-largest economy in the near future.In an interaction with IANS, Mpbius pointed to the country’s strong growth momentum compared to other major emerging economies, adding that the India-US trade deal will further expand and deepen trade be…
New Delhi, Feb 2 (IANS) Robust consumer spending and public investments will maintain India’s real GDP growth at 6.7 per cent in fiscal 2027 and 7 per cent in fiscal 2028, S&P Global Ratings said on Monday, adding that the Union Budget reinforces its expectation of gradual fiscal consolidation.The global ratings anticipates that these growth rates continue to place India above sovereign peers at similar income levels and should continue to support fiscal revenue increase.The central governme…