S&P Global Ratings raises India FY27 growth call to 7% from 6.6%, estimates 25 bps RBI rate hike
S&P Global Ratings raised India's FY27 GDP growth forecast to 7% from 6.6%, citing strong June quarter performance. The agency anticipates a 25 basis points rate hike by the Reserve Bank of India due to persistent inflation and weather-related risks. This assessment aligns with other bullish forecasts, highlighting India's robust consumption and investment momentum.