New Delhi, Nov. 24 -- India's economy is projected to expand by 6.5% in the current fiscal year and accelerate to 6.7 percent in the next, with tax cuts and monetary policy easing expected to fuel consumption-driven growth, S&P Global Ratings said.
In its Economic Outlook Asia-Pacific report, S&P noted that India's real gross domestic product (GDP) is estimated to have grown at 7.8 percent in the April-June quarter of the current fiscal year-its fastest pace in five quarters.
"We anticipate that India's GDP will grow by 6.5 percent in fiscal year 2026 (ending March 2026) and 6.7 percent in fiscal 2027, with risks evenly balanced. Domestic growth remains robust, driven by strong consumption, despite the impact of US tariffs," the report hi...