New Delhi, March 25 -- Global credit rating agency S&P Global raised India's GDP growth forecast for the financial year 2026-27 by 40 basis points to 7.1% on Wednesday, signalling confidence in the country's economic momentum despite global uncertainties.

S&P Global forecast 6.7% for FY27 in its earlier outlook, reported around November-December 2025.

"We project real GDP (gross domestic product) growth to moderate to 7.1% in the fiscal year ending in March 2027, compared with 7.6% in fiscal 2026. Key drivers are resilient private consumption, a modest recovery in private investment, and solid exports," the agency said in its latest quarterly Asia-Pacific economic commentary.

"But downside risks prevail, primarily due to the renewed ge...