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Moody's raises India fiscal 2027 GDP growth forecast to 7% on Middle East resilience
Credit ratings agency Moody’s on Friday raised India’s real GDP growth forecast to 7% from 6% for the current fiscal, citing its resilience amid the Middle East conflict. “Although we continue to expect India to grow faster than all other G-20 economies, as well as similarly rated emerging market sovereigns, risks remain”, it said. The agency said elevated energy prices and El Niño-related food price pressures pose risks to inflation, consumption and growth. Moody’s said India’s fiscal policy response to the Middle East shock had been muted, but warned that higher global energy prices could in...
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