Current Affairs - Economy - Discussion

S&P Global has revised India's GDP growth forecast for FY26 to 6.5%, down by 20 basis points from the earlier estimate of 6.7%. The revised forecast takes into account assumptions such as stable commodity prices and a normal monsoon. The report highlights key factors such as cooling food inflation, tax benefits from the FY26 Budget, and lower borrowing costs that are expected to support domestic consumption and economic activity. Despite global trade uncertainties, India's services exports to the US are anticipated to remain resilient.