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Moody's Ratings raised its forecast for India's real GDP growth in FY27 (2026-27) from 6% to 7% on 18 September 2026.
It cited the economy's resilience to the West Asia shock and expects India to grow faster than all other G20 economies and similarly rated emerging-market sovereigns.
India's Q1 FY27 (April-June 2026) GDP grew 7.8%, according to data the NSO released on 31 August.
Risks flagged: high energy prices that could push FY27 inflation above the 4.8% projection, El Niño pressure on food prices, and fiscal strain from subsidies and defence spending.
| Forecaster | FY27 forecast | When |
|---|---|---|
| Moody's Ratings | 7% (raised from 6%) | September 2026 |
| S&P Global Ratings | 6.6% (cut) | June 2026 |
| IMF | 6.4% (cut) | July 2026 |
One of the 'Big Three' global credit rating agencies, with S&P and Fitch; rates India Baa3 (stable)
Releases India's quarterly and annual GDP estimates
GS Paper III > Indian Economy > Growth and development
General Awareness > Economy > GDP forecasts and rating agencies
Which of the following is not a member of 'Gulf Cooperation Council'?
Answer: Iran
Moody's lowest investment-grade rating; India's current sovereign rating.
Spending on fixed assets such as infrastructure and machinery; a measure of investment.
GDP adjusted for inflation, measured at constant prices.