S&P Global Ratings Director SSEA, Nikita Anand, emphasized during a webinar that while credit growth in the sector is expected to remain formidable, it could see a moderation to 14 percent in the fiscal year 2025 from the current 16 percent in FY24.

The President of the European Central Bank, Christine Lagarde, aptly identifies the essential elements that propels India to greater heights, a path that the nation must tread upon, she states, “India’s story is one of the most compelling in the world, It has all the right ingredients for economic success, a young and dynamic population, a growing middle class, a diverse economy and a vibrant democracy”

In its "Economic Outlook Asia-Pacific report," S&P Global highlighted several factors expected to influence India's economic trajectory in the coming year. Among these factors are anticipated higher interest rates, a crackdown on unsecured lending, and efforts to reduce the fiscal deficit.