S&P Global lowers India GDP growth forecast to 6.6%
pre-market1 source ↓written by the desknot a recommendation
- for FY27
- 6.6%
- in FY26
- 7.7%
- due to El
- 43% rainfall deficit
S&P Global Ratings has revised India's GDP growth forecast to 6.6% for FY27, down from 7.7% in FY26. This adjustment is attributed to energy stress, a sub-par monsoon, and slowing global growth. The RBI's estimate aligns with S&P's projection, reflecting potential challenges for the economy amid rising crude oil prices and a 43% rainfall deficit due to El Nino.
Not investment advice. For informational purposes only.