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New Delhi: Robust consumer spending and public investments will maintain India’s real GDP growth at 6.7 per cent in fiscal 2027 and 7 per cent in fiscal 2028, S&P Global Ratings said on Monday, adding that the Union Budget reinforces its expectation of gradual fiscal consolidation. The global ratings anticipates that these growth rates continue…
New Delhi: India’s long-term growth prospects remain intact despite high US tariffs, as the government continues to push economic reforms and raise living standards, S&P Global Ratings said. Strong economic growth, political will for fiscal consolidation, and a supportive monetary policy framework to control inflation were the main reasons given by the agency for upgrading…
New Delhi: In yet another significant development, the S&P Global Ratings has upgraded long-term issuer credit ratings on seven Indian banks and three non-banking financial companies (NBFCs). The banks are State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, Union Bank of India, Indian Bank, and Kotak Mahindra Bank and the NBFCs are Bajaj…
New Delhi23 minutes ago Copy link Global rating agency S&P Global has increased India’s long-term credit rating from BBB-to BBB. At the same time, the short-term rating was also increased from A-3 to A-2. At the same time, Outlook has been kept stable with Indian economy. S&P says that India’s economy is getting stronger. The…
Last Updated:August 13, 2025, 21:51 is S&P says India’s GDP likely to grow 6.5% in FY26 despite 50% US duty on Russian oil-linked imports. An AI-generated representative image shows resilient consumer sentiment in India despite higher US tariffs. (IMAGE: IMAGEN 4) India’s economy is unlikely to face a major slowdown despite higher US tariffs, S&P…