Moody’s pegs India’s FY27 GDP growth at 7%, aided by robust consumption, investment
- On Wednesday, Moody's Ratings raised India's growth forecast for fiscal year 2026-27 to 7 per cent from 6.5 per cent, citing "India's broad-based economic momentum and demonstrated resilience to the energy supply shock."
- India adjusted to energy price shocks by diversifying crude and gas supplies, while its sophisticated refining capacity helped limit fuel disruptions and supported its role as a major exporter of refined petroleum products.
- The International Monetary Fund, ADB, and S&P Global Ratings project 7 per cent growth, while Fitch Ratings expects India's GDP to grow 6.9 per cent, aligning with Moody's assessment.
- Moody's warned that near-term risks persist as household consumption remains vulnerable to "intensifying and broadening price pressures," with headline inflation near the upper end of the Reserve Bank of India's 2-6 per cent target range.
- A deficient southwest monsoon and strengthening El Nino conditions will weigh on agricultural output and rural demand, while Moody's added that "tighter monetary policy could delay the recovery in private investment.
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31 Articles
The Indian economy is growing rapidly, and this momentum is set to continue. Foreign rating agency Moody's has delivered good news by significantly increasing India's GDP growth forecast.
Moody’s pegs India’s FY27 GDP growth at 7%, aided by robust consumption, investment
New Delhi, Nov 11: Moody’s Ratings on Wednesday said the Indian economy is expected to grow at 7 per cent in the current fiscal compared to 6.5 per cent pegged earlier, aided by robust consumption, improving investment dynamics and strong macroeconomic fundamentals. In its Global Macro Outlook 2027-28, Moody’s, however, said that near-term risks to growth persist as household consumption remains vulnerable to “intensifying and broadening price p…
Moody's Raises India's Economic Growth Estimate To 7% For FY27
Robust consumption, improving investment dynamics and strong macroeconomic fundamentals imply that the economy appears well positioned to sustain growth near 7 per cent over the medium term, Moody's said.
Moody's upgrades India GDP growth forecast to 7% on strong consumption, sees resilience to global shocks
Moody's said emerging markets face a more challenging external environment heading into 2027, with higher energy prices, elevated global interest rates and persistent trade and geopolitical uncertainty adding to inflation and financing pressures.
Moody's upgrades India's growth forecast to 7%, sees resilience to global shocks
Moody's said broad-based economic growth, strong domestic consumption and improving investment were helping India navigate external pressures. Sound macroeconomic fundamentals should also allow the economy to sustain growth close to 7% over the medium term, it added.
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