S&P said a booming domestic digital market could also fuel expansion in India’s high-growth startup ecosystem during the next decade, especially in financial and consumer technology.
India s economic growth is expected to be above 6% in the current fiscal year due to the country s strengthened macroeconomic stability and performance, according to Ashima Goyal, a member of the RBI Monetary Policy Committee. However, she also highlighted risks such as a global slowdown affecting India s export growth, geopolitical tensions causing oil and food price fluctuations, and unpredictable weather patterns.