S&P Global Ratings raises India FY27 growth call to 7% from 6.6%, estimates 25 bps RBI rate hike
- Posted on September 23, 2026
- By Business News Today
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- 1 min read
In brief
S&P Global Ratings has elevated India's fiscal year 2027 GDP growth projection to 7%, signaling renewed confidence in Asia's third-largest economy. This upward revision reflects robust manufacturing performance, sustained consumer demand, and strategic public sector investments driving expansion. However, the Reserve Bank of India is anticipated to implement a 25 basis point rate increase to address inflationary pressures. Agricultural productivity faces headwinds from unpredictable weather patterns, presenting a potential constraint on overall economic growth momentum.
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S&P Global Ratings raises India FY27 growth call to 7% from 6.6%, estimates 25 bps RBI rate hike
S&P Global Ratings has upgraded its forecast for India's real GDP growth to 7% for the FY27. Strong industrial activity, healthy consumption, and significant government investment contributed to this optimistic outlook. The Reserve Bank of India is expected to raise interest rates by 25 basis points due to rising inflation. Meanwhile, weather-related risks could affect agricultural output in the upcoming months.
