The Economic Times

India's FY27 growth forecast cut to 6.6% as Iran war tightens fiscal space: S&P Global

India's economic growth faces challenges due to the Iran war. S&P Global Market Intelligence has lowered India's FY27 growth forecast. Geopolitical tensions are impacting fiscal space and capital expenditure. Infrastructure spending, a key growth driver, may be constrained. India's debt-to-GDP ratio is projected to rise. Despite these near-term risks, structural drivers like services, manufacturing, and AI support medium-term growth.