India to grow at 10% in FY22: S&P Premium S&P’s forecast for FY22 is a notch below the 11% growth the Economic Survey has projected for the fiscal year. Photo: AFP 2 min read Share Via Read Full Story India’s economy is set to expand 10% in the year starting 1 April, aided by sustained farm sector growth, covid-19 vaccination and a bigger central government budget, S&P Global Ratings said on Tuesday. Stronger-than-expected recovery of corporate earnings after the pandemic-related disruption, improved goods and services tax (GST) receipts, mobility trends showing driving in India has surpassed pre-pandemic levels, and several high-frequency indicators such as purchasing managers’ indices point to positive near-term prospects, S&P said.