S&P cuts India’s growth forecast to 6.7% for FY26

S&P Global Ratings on Monday revised down its estimate for India’s economic growth in the next two financial years as high interest rates and lower fiscal impulse temper urban demand. In an update to its economic forecast for Asia-Pacific economies...

PTI

New Delhi, Updated At : 10:12 AM Nov 26, 2024 IST

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

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.