← Latest news 
S&P Global trims 2026 growth to 2.4% and warns downside risks for economies including India
Economy
Published on 16 May 2026
India’s FY 2026-27 growth estimate falls to 5.9%
S&P Global cut its outlook for global real GDP growth to nearly 2.4% in 2026, down from 2.6% in its March forecast, citing higher energy prices, persistent geopolitical tensions, and weaker demand. The firm expects only a modest rebound in 2027 to about 2.7%. In Asia-Pacific, growth was revised lower on energy import exposure. For India, real GDP growth for FY 2026–27 was reduced to around 5.9%, driven by inflation, currency pressure, and costlier energy imports.
- S&P Global forecasts global real GDP growth at nearly 2.4% for 2026
- The 2026 figure is down from 2.6% in the March outlook
- 2027 global growth is projected to be around 2.7%
- Asia-Pacific growth is cut to 3.81% for 2026 from 4.43% in 2025
- India’s FY 2026–27 growth is revised to about 5.9% from 6.6%
- Downgrade drivers include rising inflation, currency pressure, and higher energy import costs
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic