S&P Global Ratings raises India FY27 growth forecast to 7% from 6.6%; expects RBI rate hike
S&P Global Ratings has raised India's GDP growth forecast for FY2026-27 to 7%, up from its earlier estimate of 6.6%. The agency cited robust industrial activity, healthy consumption, strong goods exports and accelerating government investment, which lifted June-quarter growth above expectations. S&P also expects the Reserve Bank of India to raise interest rates this fiscal year, echoing recent upgrades by Moody's and Fitch.
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Rating-agency GDP forecast revisions and their drivers are frequently tested in economy sections.
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- S&P raised India's FY27 growth forecast to 7%, from 6.6% earlier.
- Drivers: industrial activity, consumption, goods exports, government investment.
- S&P expects an RBI rate hike during the current fiscal year.
- Moody's and Fitch have also recently raised India's growth forecasts.
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