Moody's Projects India Real Gross Domestic Product (GDP) Growth at 6.4% for FY27

Key facts

• Moody's (Moody's) forecasts India's real Gross Domestic Product (GDP) will grow by 6.4% in Fiscal Year 2026-27 (FY27).
• India is expected to record the fastest growth pace among the Group of Twenty (G-20) economies according to the ratings agency.
• The Economic Survey 2026 projects India's real GDP expansion to range between 6.8% and 7.2% for FY27.
• The Reserve Bank of India (RBI) has raised its growth projections for FY27 to 6.9% for the first quarter and 7.0% for the second quarter.
• Structural reforms including the rationalisation of the Goods and Services Tax (GST) and income tax reductions are expected to boost domestic consumption.
• A trade agreement reached between India and the United States (US) in February 2026 is anticipated to improve conditions for export-linked Micro, Small and Medium Enterprises (MSMEs).