S&P Global Lifts India FY27 GDP Forecast to 7.1%, Raises Growth Outlook
In March 2026, the Standard & Poor’s (S&P) Global raised India’s Gross Domestic Product (GDP) by 40 basis points (bps) to 7.1% for financial year 2026-27 (FY27), reflecting confidence in the country’s economic momentum despite global uncertainties.
Key Highlights
Growth Forecasts: The rating agency also upgraded its projections for the following years:
In March 2026, the Standard & Poor’s (S&P) Global raised India’s Gross Domestic Product (GDP) by 40 basis points (bps) to 7.1% for financial year 2026-27 (FY27), reflecting confidence in the country’s economic momentum despite global uncertainties.
Key Highlights
Growth Forecasts: The rating agency also upgraded its projections for the following years:
- FY28: For FY28 it has increased its projection by 20 bps to 7.2%
- FY29: Similarly, for FY29 it has projected 7.0%, increasing it by 20 bps
Inflation: The S&P has now projected Consumer Price Index (CPI) inflation to rise to 4.3% in FY27 from 2.5% in FY26.
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