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<h1>GDP growth forecast cut as external tariffs and globalisation pushback weigh on outlook, despite domestic demand resilience.</h1> S&P Global Ratings cut India's GDP growth forecast for FY2026 to 6.5 per cent, citing external strains from rising US import tariffs and pushback on globalisation, while projecting resilient domestic demand supported by easing food inflation, budgetary tax measures, and monetary easing including further Reserve Bank of India rate cuts under assumptions of a normal monsoon and softer commodity prices.