S&P Global Ratings has maintained its forecast for India’s FY25 GDP growth at 6.8 per cent, but the forecasts for FY26 and FY27 were cut by 20 basis points to 6.7 per cent and 6.8 per cent respectively.
High interest rates and reduced fiscal stimulus are likely to curb urban demand.
While purchasing manager indices stay strong, other indicators suggest temporary slowing of momentum, it noted.
High interest rates and reduced fiscal stimulus are likely to curb urban demand.
While purchasing manager indices stay strong, other indicators suggest temporary slowing of momentum, it noted.
