NEW DELHI: Ratings agency S&P Global on Tuesday trimmed India’s GDP growth forecast for 2025-26 and asserted that Asia-Pacific economies will feel the strain of rising US tariffs specifically and a pushback on globalisation.
It said domestic demand momentum should broadly hold up, especially in the region’s emerging-market economies. “India’s GDP will grow 6.5% in the fiscal year ending March 31, 2026, we expect…less than our earlier forecast of 6.7%,” S&P Global said in its report.