S&P Global Ratings raises India’s FY27 growth forecast to 7.1%

S&P Global Ratings has boosted India's growth forecast for FY27 to 7.1 percent. Strong consumer spending and exports are driving this optimism. However, the ongoing Gulf conflict presents potential challenges. Higher oil prices could impact inflation and government finances. The Reserve Bank of India is expected to maintain current interest rates, but a rate hike is possible if inflation persists.