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Home / Business / S&P cuts India’s growth forecast to 6.7% for FY26

S&P cuts India’s growth forecast to 6.7% for FY26

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PTI
New Delhi, Updated At : 10:12 AM Nov 26, 2024 IST
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S&P Global Ratings on Monday revised down its estimate for India’s economic growth in the next two financial years as high interest rates and lower fiscal impulse temper urban demand.

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In an update to its economic forecast for Asia-Pacific economies after US election results, the rating agency projected a 6.7 per cent GDP growth rate in 2025-26 financial year (April 2025 to March 2026) and 6.8 per cent in the following fiscal year, down from 6.9 per cent and 7 per cent, respectively in previous projections.

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