India’s GDP growth to remain strong despite inflation in the coming quarters

It is expected that India’s GDP growth might be strong in the coming quarters even as inflation led by food prices is likely to remain elevated, S&P Global Ratings said on Wednesday.

“The economy is expected to report 9.5% growth in the current fiscal year, followed by 7% in the next year, Adding high nominal GDP growth would be important for ensuring fiscal consolidation going forward,” it said.