S&P Raises India FY26 Growth Estimates to 6.5%

Lower crude prices, monetary easing and normal monsoon behind new estimate

- Press Trust of India

NEW DELHI: S&P Global Ratings on Tuesday upped India's GDP growth forecast for the current fiscal to 6.5%, citing lower crude prices, monetary easing and normal monsoon, and said the ongoing geopolitical tensions are unlikely to put a "significant pressure" on the rupee or inflation.

In its Asia Pacific Economic Outlook, S&P flagged rising risks to the global economy due to the turbulence in the Middle East, saying long-lasting major increase in oil prices could have significant economic impact in Asia-Pacific, notably via slower global growth and pressure on the current accounts of net energy importers, prices and costs.