S&P Global has also projected a growth rate of 7 percent and 6.8 % for fiscal year 2027-28 and 2028-29.
S&P Global reduced the growth forecast for India for the current prosecutor (2025-26) for 20 basic points (BPS) and the next prosecutor (2026-27) for 30 BPS based on global growth trends. This is in line with the projections made by the International Monetary Fund (IMF), the World Bank and the Bank of the Reserve of India (RBI), in addition to others.
According to the qualification agency, it is estimated that India grows at 6.3 percent in the current fiscal year, before increasing 6.5 percent in the next prosecutor.
Previously, on April 22, citing global commercial tensions, the IMF reduced the growth forecasts of India for fiscal year 26 by 30 PB to 6.2 percent and for the fiscal year of the fiscal year of the fiscal year of FY2 for 20 BPS to 6.3 percent. Similarly, on April 23, the World Bank reduced the Indian growth forecast for fiscal year 26 by 40 BPS to 6.3 percent.
All projections of global agencies for the current prosecutor are lower than the 6.5 percent RBI prognosis announced in April, reduced from 6.7 percent. However, these are similar to the forecast range of the lower band (6-3-6.8 percent) given by the economic survey.
Meanwhile, S&P Global has projected a growth rate of 7 percent and 6.8 percent for fiscal year 2027-28 and 2028-29.
Global forecast
Speaking about the world economy, the agency said that a lot has changed since its previous forecast round at the end of March. The United States announced an unexpected and strong increase in tariffs on April 2, 2025. After the announcement and consequences, “we are lowering our Grows Growth forecasts. And ,, and, and 2026, and 2026, and 2026, and 2026, and, and, and, and, y, yy 2026, and 2026, and 2026, and 2026, and 2026, and 2026, and 2026 negatively “.
Compared to March, the growth of the USGDP falls into about 60 basic points around 2025-2026, while the growth of the GDP of Canadas and Mexico falls into a similar amount. Eurozone GDP growth is approximately 0.2 percentage points lower in the next two years, and Germany receives the greatest success among the main economies.
In emerging markets (EM), the most open economies of Asia-Pacific (such as Malaysia, Vietnam, Thailand and Singapore) see the greatest decrease in GDP growth, falling into 0.5-1.0 points per year.
In us, he said that tariff actions seem to have been established for now. However, the level resulting from US rates has not seen in the legs in more than a century. “We calculate that the actions of April 2 and the subsequent consequences increased the effective rate of the US McKinley at the end of the 19th century.
Posted on May 2, 2025
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