S&P Global Revises India's GDP Growth Forecast for FY26 to 6.5%
| Key Aspect | Details |
|---|---|
| Revised GDP Forecast | S&P Global revised India's FY26 GDP growth forecast to 6.5% (down from 6.7%). |
| Previous GDP Growth | Matches the growth rate of the previous financial year. |
| Economic Assumptions | Assumes a normal monsoon season and stable commodity prices (especially crude oil). |
| Supporting Factors | Cooling food inflation, tax benefits from FY26 Budget, and lower borrowing costs to boost consumption. |
| RBI's Monetary Policy | RBI expected to cut interest rates by 75-100 bps; easing inflation to help meet the 4% target. |
| US Tariffs Impact | India's services exports to the US remain resilient; goods-dependent economies (e.g., China, Malaysia, Singapore, South Korea) more affected. |