Moody’s ups India’s FY27 growth estimate to 7% on broad-based momentum

New Delhi Moody's Ratings on Wednesday (November 11, 2026) said the Indian economy is expected to grow at a higher rate of 7 per cent in the current fiscal, led by broad-based economic momentum and energy supply shock resilience. Moody's raises India fiscal 2027 GDP growth forecast to 7% on West Asia resilience storyline 1 In its Global Macro Outlook 2027-28, Moody's, however, said that near-term risks to growth persist as household consumption remains vulnerable to “intensifying and broadening price pressures”, with headline inflation close to the upper end of the Reserve Bank of India's (RBI) 2-6% target range, while a deficient southwest monsoon and strengthening El Nino conditions will weigh on agricultural output and rural demand. “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% from 6.5%,” it said.