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S&P raises India’s growth forecast for FY27 to 7.1%
Financial Express Hyderabad
|March 26, 2026
HIGHER CRUDE PRICES WILL FORCE GREATER SPENDING ON SUBSIDIES
AMID RENEWED GLOBAL uncertainties due to the West Asia conflict, S&P Global Ratings on Wednesday raised India’s growth forecast by 40 basis points (bps) to 7.1% for FY27 and by 20 bps to 7.2% for FY28.
Key drivers for its upward revision in growth estimates are resilient private consumption, a modest recovery in private investment, and solid exports.
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