New Delhi, Dec 4 || India’s gross domestic product (GDP) is projected to grow 6.7 per cent in 2026, 7 per cent in 2027 and 6.8 per cent in 2028, a report said on Thursday.
Lower inflation and resilient labour markets should continue to support consumer spending in most developed markets, the report from S&P Global Ratings said, forecasting stable global economic expansion of 3.2 per cent in 2026 and 2027.
The report said that as growth slows in the United States and China, the eurozone continues to recover and emerging markets (EMs) extend their resilient streak.
The ratings agency said the global macro narrative has shifted positively owing first to a better‑than‑expected outcome around US tariffs, as effective rates came lower than initially thought.