S&P Raises India’s FY27 GDP Growth Forecast to 7 Percent

S&P Global now expects India’s economy to grow by 7 percent in FY27.

The forecast was raised because India grew faster than expected in the June quarter.

The economy grew 7.8 percent compared with the same period a year earlier.

Factories, shoppers, exporters and government investment helped support growth.

However, growth may slow later in the financial year.

Tax cuts and GST changes may provide less help over time.

Rainfall has been below normal, which could hurt farms and raise food prices.

S&P Global also expects Asia-Pacific economies to keep growing, although China faces several risks.