S&P Global Ratings forecasts 6.5-7% GDP growth for India through FY 2026-2027. Economy Business | Dated: 29 Nov 2024 According to S&P Global Ratings' Global Bank Outlook Report, India's Gross Domestic Product (GDP) is projected to grow between 6.5% to 7% annually in the next 3 Fiscal Years (FY), up to FY 2026-2027 (FY27). 🎯 Key Highlights: - If the forecasted annual growth of 6.7% materializes, India is set to become the 3rd-largest economy and transition to the upper-middle-income category by fiscal 2030-31. 💡 Other Important Facts: (i) The report highlighted that structural improvements and positive economic prospects will bolster the resilience of India's financial institutions. (ii) Higher demand, along with stronger bank capitalization, is expected to drive bank loan growth, while the Reserve Bank of India (RBI)'s regulatory actions will strengthen the financial system in the medium term. 📚 Test Your Knowledge: S&P Global Ratings has recently projected India's GDP growth rate to be in which range through FY 2026-2027? Correct Answer: 6.5-7% 🚀 Quick Recap: