S&P Global Ratings raises India FY27 growth forecast to 7% from 6.6%; expects RBI rate hike
S&P Global Ratings raised India's FY27 growth forecast to 7% from 6.6%, citing robust industrial activity and strong consumption. The agency expects the Reserve Bank of India to increase its policy rate by 25 basis points due to persistent inflation and other economic pressures. The revised forecast reflects India's strong performance in the June quarter, with GDP growth at 7.8%.