Moody's forecast for Indian GDP. (Image Source: Pixabay)
\n\nIndia's economic outlook has received a boost, with global ratings agency Moody's Ratings upgrading its growth projection for the country to 7 per cent for the financial year ending March 2027. The revised estimate is higher than its previous forecast of 6.5 per cent, reflecting confidence in domestic demand, improving investment activity and India's ability to withstand fluctuations in international energy markets.
\n\nIn its latest Global Macro Outlook 2027-28 report, Moody's highlighted the strength of India's economic fundamentals, noting that consumption and investment are providing important support to overall growth. The agency also expects the country's economy to maintain a growth rate close to 7 per cent over the medium term.
\n\n"India's broad-based economic momentum and demonstrated resilience to the energy supply shock warrant upward revisions to our 2026-27 growth forecasts to 7 per cent from 6.5 per cent," Moody's said.
\n\nThe ratings agency also expects India's GDP to expand by 7 per cent in 2028. It believes that stronger private-sector investment, particularly in manufacturing, could create additional opportunities for economic expansion, employment generation and productivity improvements.
\n\nMoody's Upgrades India's GDP Growth Forecast for FY27
\n\nThe latest revision reflects a more positive…
Original source: https://www.timesnownews.com/business-economy
