S&P lifts India FY27 GDP forecast to 7.1% on strong consumption, investment
S&P Global Ratings has raised India's GDP growth forecast for the next fiscal to 7.1% due to strong consumption, investment, and exports. The forecast is subject to risks from geopolitical tensions and trade-related uncertainties, which could affect India through fluctuations in commodity prices and trade volumes.
S&P Global Ratings raised India's GDP growth forecast to 7.1% for the next fiscal. This is driven by private consumption, investment, and exports. The forecast is subject to risks from geopolitical tensions and trade-related uncertainties. S&P expects fuel prices in India to rise if oil prices remain elevated. The central bank is expected to hold rates steady and maintain a neutral stance. Inflation is expected to rise to 4.3% in fiscal 2027.
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