India, May 13 -- Moody's Ratings on Tuesday slashed India's GDP growth forecast for the year 2026 by 0.8 percentage points to 6 per cent on subdued private consumption, capital formation, and industrial activity amid higher energy costs.

In its Global Macro Outlook May update, Moody's said that over the next six months, the impact from higher energy prices and fuel and fertiliser-related shortages will vary widely across countries, reflecting differences in exposure and resilience.

"The global outlook remains highly uncertain amid an increasingly prolonged confrontation and fragile ceasefire between the US and Iran. We estimate growth losses ranging from around 0.8 ppt for India," Moody's said.

For calendar year 2027, Moody's slashed G...