S&P Global Ratings' report cut India's GDP growth forecast by 0.2% to 6.3% for FY26, citing global trade uncertainty due to the US government's reciprocal tariffs. The report also stated that US is expected to experience a decline in GDP growth by 0.5% in FY26. In the Asia-Pacific economies, China's GDP growth is expected to drop by 0.6% in FY26.