The agency said that in both scenarios, India's growth remains strong compared to other major economies.

S&P Forecast: India Economy May Grow 6.3%–7.1% Despite High Oil Prices

S&P Global Ratings has said that India’s economy is expected to grow even under different crude oil price scenarios, according to a webinar discussion on its outlook for the country.

According to S&P Global Ratings, India could grow at around 6.3 percent in the current financial year if crude oil prices average 130 dollars per barrel amid ongoing geopolitical tensions in West Asia.

In another scenario, if crude oil prices average 85 dollars per barrel, India’s growth is projected at about 7.1 percent in 2026–27. The agency said that in both scenarios, India’s growth remains strong compared to other major economies.

S&P director Yi Fen Fuah made these observations during a webinar, where she discussed multiple global and domestic economic scenarios linked to energy prices.

She noted that India’s growth outlook varies depending on different assumptions regarding crude oil prices in the global market.

The agency also referred to global conditions, including energy market developments and geopolitical tensions, while presenting its growth projections for India.

S&P provided these estimates as part of its broader assessment of economic scenarios under different oil price conditions.

The projections highlighted two main cases for crude oil prices, one at 85 dollars per barrel and another at 130 dollars per barrel, and their corresponding growth outcomes for India.

The discussion focused on how changes in global oil prices could influence overall growth projections across different economies, including India.

S&P reiterated the growth estimates during the webinar, emphasizing scenario-based projections linked to oil price assumptions.