S&P has kept its forecast for India’s economic growth unchanged at 6.5%.

S&P has kept its forecast for India’s economic growth unchanged at 6.5%.

India: S&P Global has maintained its projection for India’s economic growth at six and a half per cent for the current financial year, stating that resilient domestic demand would offset the impact of external challenges such as higher US tariffs and slower global growth. In its ‘Economic Outlook Asia-Pacific Q4’ report, the agency noted that growth would be supported by a favourable monsoon season, reductions in income tax and goods and services tax, and increased government investment.

The forecast is consistent with the Reserve Bank of India’s projection of six and a half per cent growth for 2025–26. Fitch Ratings recently revised its estimate for the same period to six point nine per cent, up from its earlier forecast of six and a half per cent, citing stronger than expected performance in the first quarter. Official data showed that in the quarter ending June 2025, India’s gross domestic product expanded by seven point eight per cent, significantly higher than estimates, including the Reserve Bank’s own projection.

Source: Deccan Herald