Moody’s raises India fiscal 2027 GDP growth forecast to 7% on Middle East resilience

Moody’s has increased India's GDP growth forecast for fiscal 2027 from 6% to 7%. This upward revision is attributed to the country's economic resilience, even when facing challenges such as Middle East tensions, fluctuating energy prices, and risks associated with El Niño. The rating agency highlights that India maintains a strong growth trajectory despite these external pressures, reflecting a positive outlook on the nation's overall fiscal performance and stability leading into the 2027 period.