New Delhi, May 2 -- S&P Global Ratings has lowered India's GDP forecast for 2025-26 by 20 basis points to 6.3 per cent, and by 30 basis points to 6.5 per cent for 2026-27.

Previously, the global rating agency had reduced India's growth projections for 2025-26 to 6.5 per cent from 6.7 per cent.

The Reserve Bank of India also recently lowered the growth forecast for the current fiscal 2025-26 to 6.5 per cent from 6.7 per cent, amid uncertainties arising from trade worries following the reciprocal tariffs announced by the US.

Since assuming office for his second term, President Donald Trump has reiterated his stance on tariff reciprocity, emphasising that the United States will match tariffs imposed by other countries, including India, to...