GDP debate? The world is raising a toast to India
Fitch Ratings raised India's FY27 growth forecast to 6.9% from 6.4%, while S&P Global projected 7% growth, up from 6.6%. Moody's also increased its forecast to 7% from 6%. This optimism follows India's reported 7.8% GDP growth in Q1 FY 2026-27, although former policymakers question the interpretation of these figures. The debate continues as the government defends its methodology.