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‘At about 6%...’: S&P says India will be among the fastest growing economy in Asia-Pacific

S&P Global Ratings has said that India will remain the fastest growing economy among Asia Pacific nations, with a growth of 6 per cent. The ratings agency had predicted a growth of 6 per cent previously in March and retained the same. S&P kept the growth forecast unchanged from the March prediction partly due to domestic resilience.

"We see the fastest growth at about 6 per cent in India, Vietnam, and the Philippines,” S&P Global Ratings said in its quarterly economic update for Asia-Pacific. It said that the medium-term growth outlook remains relatively solid.

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