S&P raises India FY27 GDP growth forecast to 7%, sees 25 bps RBI rate hike

S&P Global Ratings on Wednesday raised India's GDP growth projections for the current fiscal to 7 per cent, citing robust economic activity and forecasting that the RBI could hike interest rates by 25 basis points in FY27. In its Economic Activity for Asia Pacific report, S&P estimates consumer inflation to average 5.1 per cent in FY27. The Indian economy grew...