Last Updated on November 11, 2026 11:32 pm by INDIAN AWAAZ
Staff Reporter
Moody’s Ratings has raised India’s GDP growth forecast to 7% for the current fiscal year from its earlier projections of 6.5%, citing strong domestic consumption, improving investment and the economy’s resilience to higher global energy prices.
In its Global Macro Outlook 2027-28 report, the ratings agency said India’s economic growth is expected to remain near seven per cent over the medium term, with sustained private investment potentially pushing growth even higher. Moody’s also pointed to stronger capital goods production and imports, faster industrial credit growth and improving capacity utilisation as signs of a recovery in private investment.
It noted that the country has handled the global energy price shock better than previously expected, helped by its ability to diversify crude oil and gas supplies. However, the agency cautioned that risks to growth remain, particularly from rising inflation, weaker agricultural output and higher interest rates.