{
  "id": 8197039,
  "title": "Moody's raises India fiscal 2027 GDP growth forecast to 7% on Middle East resilience",
  "url": "https://urgent.news/2026/09/18/moodys-raises-india-fiscal-2027-gdp-growth-forecast-to-7-on-middle-8197039",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T06:43:59.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440123/moodys-raises-india-fiscal-2027-gdp-growth-forecast-to-7-on-middle-east-resilience"
  },
  "original_language": "en",
  "account": "Moody's, a credit ratings agency, has increased India's real GDP growth forecast for fiscal year 2027 to 7% from the previously estimated 6%. The agency attributed this upward revision to India's resilience amidst the ongoing Middle East conflict. However, Moody's cautioned that there are still risks involved, as elevated energy prices and El Niño-related food price pressures could negatively impact inflation, consumption, and overall growth. While India's fiscal response to the Middle East shock has been relatively restrained, the agency warned that higher global energy prices could lead to increased subsidy spending and potentially pressure the government into providing additional support. Moreover, rising defense and infrastructure spending might impede fiscal consolidation efforts.\n\nRecent government data revealed that India's economy expanded by 7.8% in the April-June quarter, surpassing expectations. This robust growth was driven by a surge in investment and manufacturing activity, which counterbalanced weakness in the mining sector and consumer-facing services.",
  "summary": "Credit ratings agency Moody’s on Friday raised India’s real GDP growth forecast to 7% from 6% for the current fiscal, citing its resilience amid the Middle East conflict. “Although we continue to expect India to grow faster than all other G-20 economies, as well as similarly rated emerging market sovereigns, risks remain”, it said. The agency said elevated energy prices and El Niño-related food…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Moody’s raises India fiscal 2027 GDP growth forecast to 7% on Middle East resilience",
        "url": "https://urgent.news/2026/09/18/moodys-raises-india-fiscal-2027-gdp-growth-forecast-to-7-on-middle",
        "published": "2026-09-18T04:18:28.000Z"
      },
      {
        "outlet": "Business Standard IN",
        "title": "Moody's raises India FY27 GDP growth forecast to 7% on W Asia resilience",
        "url": "https://urgent.news/2026/09/18/moodys-raises-india-fy27-gdp-growth-forecast-to-7-on-w-asia-resilience",
        "published": "2026-09-18T04:34:55.000Z"
      },
      {
        "outlet": "NDTV",
        "title": "Moody's Raises India GDP Growth Forecast To 7% For 2026-27",
        "url": "https://urgent.news/2026/09/18/moodys-raises-india-gdp-growth-forecast-to-7-for-2026-27",
        "published": "2026-09-18T06:32:22.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "Moody’s Raises India GDP Growth Forecast To 7% For FY27 On Strong Domestic Demand",
        "url": "https://urgent.news/2026/09/18/moodys-raises-india-gdp-growth-forecast-to-7-for-fy27-on-strong",
        "published": "2026-09-18T06:56:38.000Z"
      },
      {
        "outlet": "The Economic Times - Economy",
        "title": "India set to sustain 6.5-7% real GDP growth, nominal growth seen at 11-12%: Jefferies",
        "url": "https://urgent.news/2026/09/18/india-set-to-sustain-6-5-7-real-gdp-growth-nominal-growth-seen-at-11",
        "published": "2026-09-18T07:29:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}