S&P Global Ratings raises India FY27 growth aim to 7% from 6.6%, estimates 25 bps RBI rate hike
S&P Global Ratings has upgraded its forecast for India's real GDP growth to 7% for the FY27. Strong industrial activity, healthy consumption, and significant government investment contributed to this optimistic outlook. The Reserve Bank of India is expected to raise interest rates by 25 basis points due to rising inflation. Meanwhile, weather-related risks could affect agricultural output in the…
S&P Global Ratings has raised its forecast for India's real GDP growth in the fiscal year 2027 to 7% from 6.6%, citing stronger-than-expected growth in the June quarter and anticipating a 25 basis point rate hike by the Reserve Bank of India. The agency attributes the growth to robust industrial activity, healthy consumption, strong goods exports, and accelerating government investment.
However, the agency notes that the growth outlook may ease in the second half of the fiscal year due to fading benefits from GST rationalisation and income tax cuts, as well as weather-related risks.
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Also reported by 1 other outlet
- S&P raises India FY27 GDP growth forecast to 7%, sees 25 bps RBI rate hike business-standard.com
