Blitz Bureau
Mumbai, 30 September: India’s economy is projected to grow 7 per cent in fiscal 2026-27 after delivering a stronger-than-expected 7.8 per cent expansion in FY26, according to an S&P Global-Crisil report.
The report said India’s resilience amid global uncertainty and high US tariffs highlights the strength of domestic economic drivers, though growth is expected to moderate as the country enters its next phase of development.
The report, titled “India Forward: Reimagining Growth”, said the country’s growth is expected to moderate to around 7 per cent in fiscal 2026-27.
However, it noted that India remains well-positioned to sustain its development trajectory if it can successfully translate macroeconomic resilience into long-term growth momentum.
Yann Le Pallec, President of S&P Global Ratings and Chairman of the Board for Crisil, said India has a significant opportunity to build on its economic resilience through continued infrastructure development, greater competitive federalism, deeper capital markets and stronger financial intermediation.
The report highlighted that India’s stronger-than-expected growth underscores the resilience of domestic demand and the economy’s ability to navigate an increasingly uncertain global landscape.
It added that the country’s next phase of growth will depend on sustaining investment momentum and strengthening key economic institutions.
On the geopolitical front, the study suggested that India is increasingly positioning itself as a leading power rather than a balancing power in global affairs.
It said the country’s evolving foreign policy strategy is likely to involve selective cooperation with major powers while deepening engagement with emerging economies.
