Amid the rising rates and increased European energy insecurity are hitting growth in almost every country, India with an estimated 7.3 per cent growth this fiscal may be the 'star' among emerging market economies, said S&P Global Ratings on 29 September. The S&P said in its report that the global macro performance over the next few quarters points towards growth slowdown with tightening financial conditions amid rate hikes by central banks. Citing the emerging -market central banks ahead of their advanced-country counterparts in hiking policy rates, the S&P said in Latin America they are now near the end of their tightening cycles. "For the 16 emerging economies that we cover, excluding China, 2022 GDP growth will hit 5.2 per cent this year, in our view. India is the star of this group with growth of 7.3 per cent this fiscal year (ending in March 2023)," S&P said.

Source: Mint September 30, 2022 00:11 UTC