New Delhi, July 1 -- Rating agency Crisil has revised India's gross domestic product (GDP) growth to 6.5 per cent for the current fiscal, supported by expectations of above-normal monsoon, rate cuts and the government's rural support schemes.

The India Meteorological Department sees the above normal monsoon, and the arrival of the southwest monsoon is expected to boost agricultural production. The department expects above-normal monsoon for fiscal 2026 at 106% of the long-period average. It will aid discretionary spending, noted the report.

Crisil also expects another rate cut in the current fiscal year, which is likely to further boost domestic demand.

The Reserve Bank of India (RBI) has already cut rates by 100 basis points in the on...