S&P Global Ratings maintained India's GDP growth forecast at 6%, making it the fastest-growing economy among the Asia-Pacific region, citing domestic resilience. This forecast for the current and next fiscal year remains unchanged from its March forecast. The report stated that Asian emerging market economies will continue to outperform the world's growth until 2026. S&P said it expects inflation to soften to 5% by fiscal 2024 and for the RBI to cut interest rates early next year.
