India’s GDP is expected to rise at 6.5–7% until FY 2026–2027, according to S&P Global Ratings
Current Hunt Team
India’s GDP is expected to rise at 6.5–7% until FY 2026–2027, according to S&P Global Ratings.
In its most recent global bank outlook report, S&P Global Ratings predicted that India’s GDP will expand by 6.5% to 7% per year during the next three fiscal years, ending in 2027.
Infrastructure development and rising consumption will be the main drivers of this GDP growth.
The report states that the resilience of India’s financial institutions will be supported by structural improvements and promising economic prospects.
According to the report, improved bank capitalisation and increased demand should accelerate the growth of bank loans.
In the medium run, the financial system will be strengthened by the RBI’s regulatory crackdown.
Last month, RBI Governor Shaktikanta Das also predicted that real GDP growth in India will likely reach 7.2% in FY 2024–2025.
However, the S&P Global analysis noted that growth linked to capital expenditures could be delayed by outside factors.
S&P Global Ratings is a division of S&P Global. It is a leading credit rating agency.
