Expanding supply capacity will contain inflationary pressure, RBI's inflation target credible: S&P

S&P Global Ratings believes India's expanding supply capacity, particularly in manufacturing, will curb inflation. They expressed confidence in the Reserve Bank of India's ability to manage inflation despite it currently exceeding the target range. Consumption, largely fueled by urban spending, is expected to drive the heavily domestically reliant Indian economy, with a need to enhance agricultural productivity and workforce skills.