Moody's Raises India's GDP Growth Forecast to 7% for FY27

21 September 2026National

Moody's raised India's GDP growth forecast to 7% for FY27, citing resilient domestic demand and investment momentum. India's GDP grew 7.8% in Q1 FY27 and 8.2% in the first half of calendar year 2026, against 7.3% growth in the comparable earlier period. Moody's projects inflation at 4.8% in FY27, sharply higher than 2.4% in FY26, driven by rising crude oil prices and a fading food-price base effect. The higher inflation path matters for the interest-rate cycle, since the RBI's Monetary Policy Committee targets 4% CPI inflation with a +/-2% band. The upgrade places India among the fastest-growing major economies even as global agencies flag trade-policy and commodity risks.

Static GK

Moody's is headquartered in New York, USA | India's inflation target: 4% CPI with +/-2% tolerance band, set under the RBI Act (flexible inflation targeting since 2016) | Indian fiscal year: 1 April to 31 March

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