Ind-Ra sees GDP easing to 6.9%, rupee averaging at 92.26 next fiscal

FORECASTING a 7.4% economic expansion this fiscal, India Ratings sees the economy printing in 6.9% next fiscal, buoyed by domestic reforms that will help it tide over the global headwinds, especially those arising from steep 50% tariffs in exports to the US, along with the falling rupee, which it sees averaging around 92.26.

- BENN KOCHUVEEDAN @ Mumbai

“The economy is likely to grow 6.9% in FY27, down from 7.4% in the current fiscal. We believe domestic reforms, including income tax cut in the FY26 budget, recent GST rate cuts and foreign trade agreements with Oman, England, and New Zealand will help the economy withstand global uncertainties caused by the US tariffs,’ Devendra Kumar Pant, chief economist at India Ratings, told repor