Moody's raises India's FY27 GDP forecast to 7%
New Delhi, Sept. 19 -- Global credit ratings agency Moody's on Friday sharply raised its India growth forecast for fiscal year 2026-27 (FY27) to 7% from 6%, citing the country's "demonstrated resilience to global shocks" wrought by the West Asia war.
Moody's revised projection is more optimistic than that of peers such as S&P and Fitch, which are assessing potential economic risks stemming mainly from the Iran war. S&P retained its FY27 growth projection for India at 6.6% in August, while Fitch Ratings trimmed its forecast to 6.4% this month from last month's 6.7%.
India's economy expanded at a faster-than-expected 7.8% in the Q1FY27, as investment jumped and private consumption gathered pace from a year ago, defying external headwinds. Bot...
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