Global rating agencies raise India's FY27 GDP growth projections

S&P Global Ratings and Fitch Ratings on Wednesday raised India’s FY27 GDP growth forecasts to 7% and 6.9%, respectively, citing strong June-quarter growth and economic resilience. S&P revised its forecast from 6.6%, while Fitch raised its projection from 6.4%. Asian Development Bank has also raised India's FY27 growth forecast to 7%, from 6.6% estimated in July.