S&P raises India’s FY27 GDP growth forecast to 7.1%, flags Middle East risks
S&P Global Ratings has raised India's GDP growth forecast for FY27 to 7.1%, citing strong domestic demand drivers. However, the agency cautioned that persistent tensions in the Middle East could pressure the country's fiscal position through higher energy prices.
S&P Global Ratings raised India's GDP growth forecast for FY27 to 7.1%. The agency cited strong domestic demand drivers such as private consumption, investment recovery, and steady exports. India's economic outlook remains resilient, though global uncertainties pose downside risks. S&P expects inflation to rise to 4.3% in FY27. The Reserve Bank of India is expected to maintain a neutral stance and keep interest rates unchanged. Ongoing tensions in the Middle East could weigh on Asia-Pacific economies, including India.
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