{
  "id": 9301050,
  "title": "OECD raises raises India's FY27 GDP growth forecast by 80 bps to 7.1%",
  "url": "https://urgent.news/2026/09/23/oecd-raises-raises-indias-fy27-gdp-growth-forecast-by-80-bps-to-7-1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T08:25:14.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/indicators/oecd-raises-raises-india-fy27-gdp-growth-forecast-by-80-bps-to-7-1/articleshow/134429404.cms"
  },
  "original_language": "en",
  "account": "On Wednesday, the OECD increased its forecast for India's GDP growth in the fiscal year 2027 by 80 basis points, bringing the projected growth rate to 7.1% from 6.3% previously estimated in June. According to the OECD's September Interim Economic Outlook, India's growth is anticipated to decelerate from 7.8% in FY26 to 7.1% in FY27, and then to 6.5% in FY28. The Paris-based organization cautioned that despite recent robust growth, reduced consumer purchasing power is expected to temper India's economic expansion in the second half of the year, followed by a gradual recovery in 2027.\n\nThis development follows the recent upgrades of India's growth outlook by Fitch Ratings, which raised the FY27 growth forecast to 6.9% from 6.4%, and S&P Global Ratings, which projected 7% growth, up from its earlier estimate of 6.6%. Moody's had already revised its forecast upward, from 6% to 7% in the previous week. All the upgrades followed India's announcement of a remarkable 7.8% GDP growth in the April-June quarter.\n\nThe world is becoming increasingly optimistic about India's economic prospects, with Fitch's latest upgrade raising the FY27 growth forecast by a substantial 50 basis points. Fitch attributed India's strong performance in the June quarter to the economy's resilience in the face of the shock from the US-Iran war, even as global crude oil prices remained above $100 per barrel. Private consumption grew by 7.1%, while manufacturing expanded by 9.2% and financial, real estate, and professional services grew by around 12.1%. Gross fixed capital formation, an indicator of investment in infrastructure and machinery, grew by 11.9% in the June quarter.",
  "summary": "The OECD has raised its FY27 India growth forecast by 80 basis points to 7.1%, from 6.3% earlier, joining Fitch, S&P Global Ratings and Moody’s in upgrading their projections after India recorded 7.8% GDP growth in Q1 FY27.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Economy",
        "title": "S&P Global Ratings raises India FY27 growth aim to 7% from 6.6%, estimates 25 bps RBI rate hike",
        "url": "https://urgent.news/2026/09/23/s-p-global-ratings-raises-india-fy27-growth-aim-to-7-from-6-6",
        "published": "2026-09-23T02:40:49.000Z"
      },
      {
        "outlet": "Business Standard IN",
        "title": "S&P raises India FY27 GDP growth forecast to 7%, sees 25 bps RBI rate hike",
        "url": "https://urgent.news/2026/09/23/s-p-raises-india-fy27-gdp-growth-forecast-to-7-sees-25-bps-rbi-rate",
        "published": "2026-09-23T03:56:22.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "NLC India raises ₹500 crore via issuance of commercial papers",
        "url": "https://urgent.news/2026/09/23/nlc-india-raises-500-crore-via-issuance-of-commercial-papers",
        "published": "2026-09-23T09:59:06.000Z"
      }
    ]
  },
  "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."
}