S&P Global Signals India's Economy on Track for 6.5% Growth: Will US Trade Deal Unlock More Upside?

Overview

S&P Global maintains India's GDP growth forecast at 6.5% for FY2026, citing robust domestic consumption. However, US tariffs are impacting exports and the Indian Rupee, which has depreciated. The agency suggests a US trade deal could boost confidence and labor-intensive sectors. Inflation is expected to rise to 5% next fiscal year after a dip.