S&P Global lifts India growth forecast to 7% for fiscal year
S&P Global Ratings has raised its projection for India’s gross domestic product growth to 7 per cent for the current fiscal year. In its Economic Activity for Asia Pacific report, the ratings agency estimated that consumer inflation would average 5.1 per cent in FY27. No reasons were supplied.
S&P Global Ratings has raised its projection for India’s gross domestic product growth to 7 per cent for the current fiscal year, NDTV reported. The revised forecast was contained in the agency’s Economic Activity for Asia Pacific report. The supplied material does not state what the previous forecast was or explain the factors behind the change.
S&P also estimated that consumer inflation would average 5.1 per cent in fiscal year 2027, according to the report. The available information does not provide the agency’s assessment of employment, investment, consumer demand or other parts of India’s economy. It also does not include a response from the Indian government or other economists.
The report establishes the updated growth forecast and the inflation estimate, but gives no further detail about the assumptions underpinning them.
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