S&P pegs India’s FY26 GDP growth at 6.5%; tax cuts, lower interest rates to drive consumption

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S&P Global Ratings projects India’s economy to grow 6.5% in FY26 and 6.7% in FY27, driven by consumption boosted by tax cuts and monetary policy easing. Despite US tariffs impacting exports, domestic demand remains robust. Lowered GST and income tax rates are expected to further fuel consumption-led growth.

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S&P pegs India’s FY26 GDP growth at 6.5%; tax cuts, lower interest rates to drive consumption

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