Indian Economy: There is ‘good news’ for the Indian economy. This has given relief to the Indian economy. S&P Global Ratings has projected India’s economy to grow by 6.5 percent in 2025-26. Due to this, it is predicted that the Indian economy will take a leap in the next two years. S&P predicts that demand will increase due to tax cuts. Also, he has predicted that the Indian financial year 2026-27 will also grow by 6.7 percent.
S&P has forecast a reduction in GST slabs to boost India’s economy, as well as cuts in demand after the RBI’s monetary policy announcement. India’s gross domestic product (GDP) may grow by 7.8 percent in the April-June period.
The GDP growth forecast will be officially announced on November 28 and India’s GDP is likely to grow by 6.5 percent in 2025-26 through the Economic Outlook by S&P Asia Pacific Report. Also, the GDP growth rate could be 6.7 percent in 2026-27. Despite the imposition of additional tariffs by the US on India, domestic demand has increased on a large scale.
India’s GDP growth rate may remain at 6.8 percent, Reserve Bank of India said. Lowering of GST rates led to increased demand from the middle class. And also, the income tax exemption and RBI’s cut in repo rate earlier this year has boosted demand from consumers in the country. This will boost the economy.
When the Union government presented the budget for 2025-26, it increased the income tax exemption from Rs 7 lakh to Rs 12 lakh. As a result, the middle class of the country got a tax relief of Rs 1 lakh crore. Also, the GST rate on as many as 375 items has been reduced from September 22. Which had daily use items. India’s heavy tariffs on US have affected exports, but after some time the US is likely to reduce tariffs on Indian goods. It remains to be seen if US President Donald Trump changes his decision as some Indian companies suspend purchases of Russian oil.
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