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S&P cuts India’s FY26 GDP growth outlook to 6.3%

S&P Global Ratings on Friday cut India’s growth projections by 0.2 percentage points to 6.3 per cent for the current fiscal citing uncertainty over the US tariffs and downside risks from its spillover to the economy. S&P said among Asia-Pacific’s...

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New Delhi, Updated At : 03:37 AM May 03, 2025 IST

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S&P Global Ratings on Friday cut India’s growth projections by 0.2 percentage points to 6.3 per cent for the current fiscal citing uncertainty over the US tariffs and downside risks from its spillover to the economy.

S&P said among Asia-Pacific’s major economies, China is expected to see its growth drop by 0.7 percentage points in 2025 to 3.5 per cent and in 2026 to 3 per cent. S&P projected India to grow 6.5 per cent in 2026-27 fiscal year.

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