Top headlines: S&P ups India inflation forecast, green hydrogen, and more

S&P Global Ratings raises India's inflation forecast to 6.8% for FY23. India Inc's next big thing could be green hydrogen

Adani group, Adani-NDTV
Gautam Adani
BS Web Team New Delhi
2 min read Last Updated : Aug 26 2022 | 11:56 AM IST
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S&P raises India inflation forecast by 50 basis points to 6.8% for FY23

India has ample foreign exchange reserves to withstand pressure on credit worthiness, S&P Global Ratings said on Thursday,
while raising its inflation forecast by 50 basis points to 6.8 per cent for FY23 citing higher commodity prices, rising interest rates and foreign exchange volatility. It kept its growth forecast unchanged at 7.3 per cent for the financial year. Read more
 
India's outbound deal value at $7.6 billion, rises for third year in a row

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India's valuation premium to emerging market peers at five-month high
A sharp rally in domestic stocks from June lows has once again rendered Indian markets expensive to their emerging-market (EM) peers. The 12-month forward price-to-earnings (P/E) multiple for the Nifty50 Index is around 20.6x — 82 per cent higher than 11.3 per cent for the MSCI EM Index. Read more

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Topics :NDTV caseAdani GroupGautam AdaniIndia inflationS&P global RatingsClean fuelByju'sforeign exchangeInterest rate hikeTop 10 headlines

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