Moody's lifts India growth forecast, sees economy well positioned to sustain near 7% growth
Executive Brief • Key Highlights
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- ✓Moody's raised India's growth forecast to 7% for the fiscal year ending March 2027.
- ✓The agency said strong consumption and investment helped the economy stay resilient despite energy shocks.
- ✓While growth looks steady, rising price pressures and a weak monsoon remain risks that could impact future demand and private investment.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
MUMBAI, Nov 11 (Reuters) - Broad-based economic growth and resilience to the energy supply shock from the Iran war prompted credit rating agency Moody's to raise its India growth forecast to 7% from 6.5% for the fiscal year ending March 2027.
Strong consumption, improving investment and sound macroeconomic fundamentals should help India sustain growth near 7% over the medium term, the agency said.
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Here are a few details:
- Moody's said that India has adjusted to the energy price shock better than previously assumed, helped by its ability to diversify crude and gas supplies and buffer consumers from the immediate price impact through state-backed oil marketing companies and tax cuts.
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