India, June 25 -- S&P Global Ratings on Wednesday said energy stress, sub-par monsoon and slowing global growth will pull down India's GDP growth to 6.6 per cent in the current fiscal. The Indian economy recorded 7.7 per cent growth in the 2025-26 fiscal and 7.1 per cent in 2024-25.

"We project real GDP growth will slow to 6.6 per cent in the fiscal year ending in March 2027, compared with 7.7 per cent in fiscal 2026, amid the energy stress, expectations of a sub-par monsoon, and slowing global growth," S&P said in its report. S&P's FY27 growth projection is in line with the RBI estimate of 6.6 per cent.

The impact of El Nino has weakened monsoon rains, with the rainfall deficit widening to 43 per cent by June 22.

To deal with deficien...