Moody’s raises India’s GDP forecast to 7% for FY27
Moody’s upgraded India’s GDP growth forecast for FY27 to 7%, the highest among G20 nations, citing resilience against global shocks. The government targets a fiscal deficit reduction to 4.3% of GDP, despite inflation risks from high crude prices and El Nino.
pre-market1 source ↓written by the desknot a recommendation
- for FY27
- 7%
- of GDP
- 4.3%
- in FY26
- 4.4%
Moody’s has upgraded India’s GDP growth forecast for FY27 to 7%, marking the fastest growth among G20 economies. This revision reflects the economy's resilience amid global challenges, notably the Middle East conflict. However, Moody’s cautioned about potential inflation risks due to elevated crude prices and El Nino effects.
The government aims to reduce the fiscal deficit to 4.3% of GDP this fiscal year, down from 4.4% in FY26, indicating a commitment to fiscal discipline.
Not investment advice. For informational purposes only.