Moody’s Raises India FY27 Growth Forecast to 7% From 6% on Resilient Economy, Stronger Investment
Moody’s said private consumption, infrastructure spending and a revival in investment are supporting the stronger outlook.
- On Friday, Moody's Ratings raised India's real GDP growth forecast for fiscal 2026-27 to 7% from 6%, citing the economy's resilience to the Middle East conflict and strong domestic demand.
- Strong private consumption, robust gross fixed capital formation, and public infrastructure spending drove the upgrade. India withstood external shocks better than previously anticipated, prompting the revision.
- Moody's 7% forecast is 0.6 percentage point above the International Monetary Fund's projection and 0.4 percentage point higher than S&P Global Ratings and Reserve Bank of India estimates.
- Retaining India's Baa3 long-term issuer ratings with a stable outlook, Moody's expects fiscal consolidation to continue gradually, supported by improving tax administration and nominal GDP growth.
- Elevated global energy prices and El Niño-related food pressures could push inflation above the 4.8% projection for FY27, while rising defense and infrastructure spending may constrain fiscal consolidation.
12 Articles
12 Articles
Moody's raises India fiscal 2027 GDP growth forecast to 7% on Middle ...
The Economic Times
Times of IndiaMoody’s raises India FY27 growth forecast to 7% from 6% on resilient economy, stronger investment
Moody's has raised India's GDP growth forecast to seven percent for 2026-27. Strong private consumption and robust investment are driving this optimistic economic outlook. This revised forecast surpasses projections from the IMF and S&P Global Ratings. However, elevated energy prices and potential El Niño disruptions remain key risks. Fiscal consolidation is expected to continue gradually over the next few years.
bhaskarlive.in
Indian Abroad News - We Bring You HomeMoody's raises India GDP growth to 7 pc for FY27
Digital Desk | New Delhi, Sep 18 (IANS) Global ratings agency Moody's on Friday raised India's GDP growth forecast to 7 per cent for FY27, from its earlier 6 per cent projection for the current fiscal, as the country continues to show resilience amid global headwinds. Moody’s said that it continues to expect India to grow faster than all other G20 economies. However, elevated energy prices and El Nino-related food price pressures remain wh…
Coverage Details
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
