What is Moody’s Ratings' projection for India’s GDP growth for the 2026-27 fiscal year?

Moody’s Ratings has raised its projection for India’s real GDP growth for the 2026-27 fiscal year from 6% to 7%, while GDP growth stood at 7.8% during the April-June 2026 period. Amidst risks of inflation driven by the West Asia crisis, rising oil prices, and El Niño, the government faces the challenge of balancing growth, subsidies, capital expenditure, and fiscal consolidation.