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S&P lowers India growth forecast for FY27 to 6.6%
June 25, 2026
|Financial Express Mumbai
ENERGY MARKET STRESS, a likely subpar monsoon and slowing global growth are expected to moderate India’s economic expansion in FY27, S&P Global Ratings said in a report, projecting GDP growth at 6.6% for FY27, down from 7.7% in FY26.
The forecast is in line with the Reserve Bank of India’s (RBI) estimate. “We project real GDP growth will slow to 6.6% in the fiscal year ending in March 2027, compared with 7.7% in fiscal 2026, amid the energy stress, expectations of a sub-par monsoon, and slowing global growth,” S&P said in its report.
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