S&P keeps India's FY25 growth forecast at 6.8%

S&P Global Ratings maintains India's FY25 GDP growth forecast at 6.8% but lowers projections for FY26 and FY27 to 6.7% and 6.8%, respectively. High interest rates and reduced fiscal support are expected to dampen urban demand. While PMIs signal expansion, recent indicators suggest softening growth due to a construction sector downturn.