Moody’s sharply raises India’s FY27 GDP forecast to 7 per cent

September 18, 2026 12:48 PM

Moody’s sharply raises India’s FY27 GDP forecast to 7 per cent

Moody's Ratings on Friday sharply raised India's GDP growth forecast for current fiscal to 7 per cent, from 6 per cent earlier, saying the economy has shown resilience to global shocks amid the Middle East conflict but flagged risks to inflation from elevated oil prices and El Nino impact. In a statement issued after a periodic review of India's 'Baa3' sovereign rating, Moody's said it expects debt reduction to remain gradual and debt affordability to stay weaker, reflecting India's high debt b...

India achieved 7.8% growth despite wars, instability: PM Modi

September 1, 2026 10:33 AM

India achieved 7.8% growth despite wars, instability: PM Modi

Prime Minister Narendra Modi on Tuesday commended the people for the 7.8 per cent GDP growth rate, noting that the feat was accomplished despite wars, instability, and supply chain disruptions. In a video message, the Prime Minister said that if people continue to stress on Swadeshi and self-reliance, the country's youth will be presented with a developed India in the 100th year of Independence. He also asked people not to go for foreign holidays, host weddings abroad, or buy gold unless neces...

India economy grows 7.8% in Q1 FY27, PM Modi calls it a ‘herculean feat’

August 31, 2026 5:31 PM

India economy grows 7.8% in Q1 FY27, PM Modi calls it a ‘herculean feat’

India's real gross domestic product (GDP) grew 7.8% in the April-June quarter of FY27, accelerating from the year-ago period, while real gross value added (GVA) expanded 8.2%, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday. Prime Minister Narendra Modi termed the 7.8% growth in the first quarter a "herculean feat", attributing the performance to the collective strength and resilience of the Indian economy despite oil price shocks, supply-...

Domestic demand, manufacturing to drive 6.7% GDP growth in FY27: RBI

August 5, 2026 1:38 PM

Domestic demand, manufacturing to drive 6.7% GDP growth in FY27: RBI

The Reserve Bank of India (RBI) on Wednesday revised its real GDP growth forecast for FY2026-27 to 6.7 per cent, up from the earlier projection of 6.6 per cent, while describing India as the world's fastest-growing major economy despite persistent global uncertainties. Announcing the Monetary Policy Committee's (MPC) decision, RBI Governor Sanjay Malhotra said domestic economic activity has remained resilient, supported by strong demand, sustained expansion in manufacturing and services, and ro...

India Among Fastest-Growing Major Economies with 6.4% GDP Growth Projected for FY27: IMF

July 9, 2026 10:43 AM

India Among Fastest-Growing Major Economies with 6.4% GDP Growth Projected for FY27: IMF

India will remain among the world's fastest-growing major economies, with its GDP projected to expand by 6.4 per cent in FY2026-27, supported by strong private consumption and robust services sector activity, according to the International Monetary Fund's (IMF) July 2026 World Economic Outlook (WEO) Update. The IMF said India continues to outperform most major economies despite an expected moderation in global growth amid trade disruptions and geopolitical uncertainties. Globally, economic gro...

India’s economy grows 7.7% in FY 2025-26; Q4 growth accelerates to 7.8%

June 5, 2026 5:17 PM

India’s economy grows 7.7% in FY 2025-26; Q4 growth accelerates to 7.8%

India's economy expanded by 7.7 percent in real terms during the financial year 2025-26, while growth accelerated to 7.8 percent in the January–March quarter, according to the Provisional Estimates of Gross Domestic Product (GDP) released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday. The latest figures indicate an improvement over the 7.1 percent real GDP growth recorded in FY 2024-25, reflecting continued momentum across agriculture, manufacturing, constructio...

RBI sees India’s growth resilient at 6.9 percent in FY27 despite West Asia conflict risks

May 29, 2026 12:38 PM

RBI sees India’s growth resilient at 6.9 percent in FY27 despite West Asia conflict risks

India's economy is expected to remain resilient in 2026-27 despite rising geopolitical tensions and inflationary risks emanating from the West Asia conflict, the Reserve Bank of India (RBI) said in its Annual Report 2025-26. The central bank projected India's real GDP growth at 6.9 per cent for 2026-27, while warning that inflationary pressures could intensify due to elevated crude oil prices, supply disruptions and global uncertainty. "Against the backdrop of a moderate global growth, the out...

Centre revises GDP release schedule; annual and Q4 estimates to be announced on June 5

May 13, 2026 11:39 AM

Centre revises GDP release schedule; annual and Q4 estimates to be announced on June 5

The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) has revised the release schedule for India’s Provisional Estimates (PE) of Annual Gross Domestic Product (GDP) and the GDP estimates for the fourth quarter (Q4) of every financial year. Under the revised schedule, the GDP data, which was earlier released on the last working day of May, will now be published on June 7 every year, or on the previous working day if June 7 falls on a holiday...

Iran war pushing more than 30 million back into poverty, UN development chief says

April 23, 2026 4:26 PM

Iran war pushing more than 30 million back into poverty, UN development chief says

More than 30 million people will be pushed back into poverty by the impacts of the Iran war including disruptions to fuel and fertiliser supplies just as farmers are planting crops, U.N. development chief Alexander De Croo said on Thursday. Fertiliser shortages - worsened by the blocking of cargo vessels through the Strait of Hormuz - have already lowered agricultural productivity, the Administrator of the United Nations Development Programme (UNDP) told Reuters. That would likely hit crop yie...