Moody’s Ratings Upgrades India’s Fiscal Year 2026-27 GDP Growth Projection to 7%

Exam-focused facts from the 19 September 2026 current affairs briefing.

Key facts

Moody’s Ratings has increased its real GDP growth forecast for India for the 2026-27 fiscal year to 7% from the previous estimate of 6%.
The revised growth projection for India is higher than the 6.4% forecast by the International Monetary Fund (IMF) and the 6.6% projections from both S&P Global Ratings and the Reserve Bank of India (RBI).
India recorded a 7.8% year-on-year real GDP growth during the April-June quarter.
Key factors supporting the economic growth include robust private consumption, sustained services-sector strength, public infrastructure spending, and a revival in private investment.