A positive sign has emerged regarding the Indian economy. Fitch Ratings has increased India's GDP growth forecast for financial year 2026-27 from 6.4 percent earlier. 6.9 percent Is done. Strong economic activity has been considered the main reason behind this change.
Not only this, S&P Global Ratings has also increased India's FY27 economic growth estimate from 6.6 percent to 6.6 percent. 7 percent Have done. Factors like strong industrial activity, consumption, exports and government capital expenditure are being considered important in the performance of the Indian economy.
However, there may be changes in the coming time on the interest rates front. In the estimates of both Fitch and S&P, there is a possibility of an increase in the repo rate by 25 basis points from the RBI in October. In such a situation, the eyes of investors and borrowers will remain on the upcoming monetary policy.