Moody’s Ups India’s FY27 Growth Estimate to 7% on Broad-Based Momentum
- 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.
24 Articles
24 Articles
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.
Moodys raises Indias growth forecasts to 7% on strong demand, investment - The Tribune
Moody's Ratings has raised India's GDP growth forecasts to 7 per cent for the fiscal year ending March 2027 from its earlier projections of 6.5 per cent, citing strong domestic consumption, improving investment and the economy's resilience to higher global energy prices.
Moody's ups India's FY27 growth forecast to 7% on strong economic momentum, warns of risks
Moody's has raised India's FY27 growth forecast to 7% from 6.5%, citing strong economic momentum and resilience to energy shocks. However, it flagged inflationary pressures, a deficient monsoon and rising El Niño risks as potential threats to growth.
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