India a 'star' among emerging market economies with 7.3% growth in FY23: S&P
Growth eased in the second quarter across emerging markets as inflation reduced real household income, business confidence deteriorated, and the external environment became more complicated.
The US-based agency said as central banks aggressively raise rates to fight inflation, our confidence is waning that they can avoid generating a sharp downturn. (Representative image from Pixabay)