Current Affairs - Economy - Discussion

S&P Global Ratings has revised India’s GDP growth forecast for FY26 to 6.5%, reflecting a strong vote of confidence in the country’s economic fundamentals. The upgraded forecast is supported by several favourable conditions, including the expectation of a normal monsoon, which is vital for agricultural productivity and rural demand. Additionally, lower global crude oil prices are expected to benefit India’s import-heavy energy sector by reducing costs and easing inflation. Anticipated monetary policy easing by the Reserve Bank of India, along with income tax concessions, are also projected to stimulate investment and consumption. Despite global uncertainties, India’s outlook remains robust.