S&P Global Ratings

August 19, 2025 8:48 PM

India’s growth momentum intact despite US tariffs: S&P global ratings

India’s long-term growth prospects remain strong despite higher US tariffs, according to S&P Global Ratings, which upgraded the country’s sovereign credit rating to “BBB” with a stable outlook — the first such upgrade in 18 years. The global rating agency cited robust domestic demand, fiscal consolidation, and supportive monetary policy as key factors underpinning the upgrade. It projected India’s economy to grow at an average of 6.8% over the next three years, driven by inf...

June 24, 2025 11:18 AM

India projected to see 6.5% GDP growth in FY26: S&P Global Ratings

India’s economy is projected to grow at 6.5 per cent in the current fiscal year (FY26), driven by strong domestic demand, a normal monsoon, and expected monetary easing, according to a report by S&P Global Ratings released on Tuesday. The report, which covers Asia-Pacific economies, noted that India's domestic demand resilience is especially crucial in limiting economic slowdowns in economies less reliant on goods exports. “We see India's GDP growth holding up at 6.5 per cent in fiscal...

June 10, 2025 11:54 AM

Indian corporates to double capital spending to $800-$850 billion over next 5 years

Indian corporates are projected to double their capital spending to $800 billion-$850 billion over the next five years, which will be largely financed by operating cash flows and facilitated by ample domestic funding options, said an S&P Global Ratings report on Tuesday. Barring execution mistakes or negative macro changes, these investments should boost business scale without driving up leverage, the report noted. “Corporate India is chasing growth opportunities. In our view, Indian com...

March 25, 2025 3:16 PM

India’s GDP to grow at 6.5 pc in FY26, 75-100 bps rate cut likely: S&P Global Ratings

Showing a resilient economy in the Asia-Pacific region amid global uncertainties, India’s GDP will grow at 6.5 per cent in the fiscal year ending March 31, 2026, S&P Global Ratings said on Tuesday. This assumes the upcoming monsoon season will be normal and that commodity — especially crude — prices will be soft,” said the global financial institution in its latest quarterly economic update for Asia-Pacific economies. “Cooling food inflation, the tax benefits announced in the cou...

September 16, 2024 6:41 PM

S&P upgrades India’s sovereign rating outlook to ‘positive’

S&P Global Ratings has raised the country's sovereign rating outlook to 'positive' from 'stable' while retaining the rating at 'BBB-'. The rating agency cited India's robust economic expansion as having a constructive impact on its credit metrics. "We expect sound economic fundamentals to underpin the growth momentum over the next two to three years," S&P said in its assessment on Wednesday. The agency added that regardless of the outcome of the ongoing national elections, it expects br...