Moody's raises India's FY2027 GDP growth forecast to 7%
Moody's raised its forecast for India's GDP growth in fiscal year 2027 to 7%, citing the economy's resilience against the West Asia crisis. The rating agency cautioned that elevated global energy prices and El Nino-related food price pressures pose risks to inflation, consumption and overall growth. The upgrade signals continued confidence in India's macroeconomic momentum despite external headwinds.
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GDP growth projections by global rating agencies are core economy current affairs.
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- Moody's raised India's FY2027 GDP growth forecast to 7%.
- The upgrade was attributed to resilience against the West Asia crisis.
- Risks flagged: high energy prices and El Nino-driven food inflation.
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