Moody's raises India's fiscal 2027 GDP growth forecast to 7% on Middle East resilience, but risks remain
Moody's raised India's fiscal 2027 GDP growth forecast to 7%, citing resilience from the Middle East. However, it retained India's Baa3 long-term rating, highlighting risks from high government debt, energy prices, and El Niño-related food pressures. The agency warned that rising costs could strain fiscal policies, impacting growth and inflation in the coming months.