Fitch Ratings Raises India's FY27 GDP Growth Forecast to 6.9%

25 September 2026National

Fitch Ratings raised India's GDP growth forecast for FY27 by 50 basis points to 6.9%, from 6.4%, in its Global Economic Outlook - September 2026. The upgrade reflects stronger-than-expected growth and resilient domestic demand and investment despite external and energy-price shocks. India's GDP grew 7.8% year-on-year in Q1 FY27, holding up through the terms-of-trade hit from the US-Iran conflict. Fitch expects momentum to ease in the second half on slower manufacturing and services expansion, weak monsoon rainfall and rising price pressure signalled by PMI trends. Headline inflation is seen climbing to 5.5% by December 2026, before moderating to 4.2% by end-2027 and 4% by end-2028.

Static GK

Fitch, Moody's and S&P Global are the three big global credit rating agencies | Fitch Ratings is dual-headquartered in New York and London | One basis point equals one-hundredth of a percentage point

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