S&P Global Maintains India's FY25 GDP Forecast at 6.8%, Revises FY26 Down to 6.7%
| Key Points | Details |
|---|---|
| Why in News | S&P Global retained India's FY25 GDP growth forecast at 6.8% but lowered FY26 to 6.7% (from 6.9%). |
| FY25 GDP Forecast | 6.8% |
| FY26 GDP Forecast | Revised down to 6.7% from 6.9%. |
| FY25 Inflation Projection | Increased to 4.6% from 4.5%. |
| FY26 Inflation Projection | Reduced to 4.4% from 4.6%. |
| RBI Repo Rate | 6.5% (unchanged for 10 consecutive times since February 2023). |
| Inflation Basket Weight | Food items constitute 46%. |
| RBI's Inflation Target | 4% ± 2% (mandated by the government). |
| Challenges to Growth | High interest rates, reduced fiscal impulse, climate-related food supply shocks. |
| Asia-Pacific Outlook | Slower growth due to weak global demand and U.S. trade policies. |
| China's 2026 GDP Projection | Revised down to 3.8% from 4.5%. |
| Last FY Growth (India) | 8.2%. |