New Delhi, June 24 (H.S.): S&P Global Ratings has revised India’s GDP growth estimate for the fiscal year 2025-26 to 6.5 percent, citing factors such as normal monsoon conditions, lower crude oil prices, and monetary easing in its Asia Pacific Economic Outlook report. Previously, S&P had reduced its estimate by 20 basis points to 6.3 percent due to global uncertainties and U.S. tariff impacts.

However, risks persist from Middle East tensions, which could raise oil prices and affect Asia Pacific economic growth. India’s reliance on imports for 90% of its crude oil and nearly half of its natural gas underscores this vulnerability. S&P also highlighted that strong domestic demand could mitigate downturns in less export-reliant economies like India. The 6.5 percent forecast aligns with the Reserve Bank of India’s earlier prediction for the fiscal year ending on March 31, 2026.

Hindusthan Samachar / Jun Sarkar