S&P Global cuts India's GDP growth forecast to 6.7% for FY26, 6.8% for FY27

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S&P Global cuts India's GDP growth forecast to 6.7% for FY26, 6.8% for FY27 - Business Standard

Quick Summary:

In an update to its economic forecast for Asia-Pacific economies after US election results, the rating agency projected a 6.7 per cent GDP growth rate in 2025-26 financial year (April 2025 to March 2026) and 6.8 per cent in the following fiscal year, down from 6.9 per cent and 7 per cent, respectively in previous projections.

S&P Global Ratings on Monday revised down its estimate for India's economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand.

"In India we see GDP growth easing to 6.8 per cent this fiscal year as high interest rates and a lower fiscal impulse temper urban demand.