S&P lowers India's 2025-2026 GDP growth forecast to 6.5% due to US tariffs and anti-globalization pressures.

S&P Global Ratings has lowered India's fiscal year 2025-2026 GDP growth forecast to 6.5%, citing rising US tariffs and pushback against globalization as key factors. Despite external pressures, S&P expects solid domestic demand in emerging markets. The agency predicts the Reserve Bank of India will cut interest rates by 75-100 basis points, assuming a normal monsoon season and softer commodity prices.