India's growth gets further votes of confidence as Moody's raises FY27 forecast to 7% from 6.5%

Moody's Ratings has raised India's economic growth forecast for 2026-27 to 7% from 6.5%. This adjustment reflects the nation's strong consumption and improving investment dynamics. Despite potential challenges such as policy interest rate hikes, consumption remains crucial for growth. Additionally, SBI Research predicts a growth of 7.8% for India in the July-September quarter. Improving economic indicators suggest a strong recovery might be underway, supporting a new cycle of private investment.