New Delhi, June 24 -- S&P Global has revised its Gross Domestic Product (GDP) growth forecasts for India upwards for both 2025 and 2026, citing resilient domestic demand as a key driver.

In its latest research note, the company now anticipates India's GDP to grow by 6.5 per cent year-on-year in 2025 and 6.7 per cent in 2026, up 0.2 percentage points from its previous projections for both years.

However, the note emphasizes that forecast assumes a normal monsoon, lower crude oil prices, income-tax concessions and monetary easing.

The report also shows that inflation has generally receded even as sequential core inflation has risen in India in recent months, along with other South-Asian nations like Indonesia and Malaysia.

Additionally,...