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Global agencies raise India's FY27 growth outlook, see RBI rate hikes

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Global agencies raise India's FY27 growth outlook, see RBI rate hikes

Home / Economy / News / Global agencies raise India's FY27 growth outlook, see RBI rate hikes

Economists said revisions to GDP growth projections by these institutions were expected as the print for the June quarter was better than expected

Global agencies have raised India’s FY27 GDP growth forecasts to 6.9–7.1 per cent.

Krity Ambey New Delhi 6 min read Last Updated : Sep 23 2026 | 11:39 PM IST

Indian economy’s FY27 growth prospects on Wednesday received an upward revision from two global institutions and two rating agencies.

The Asian Development Bank (ADB), the Organisation for Economic Co-operation and Development (OECD) and rating agencies Fitch Ratings and S&P Global Ratings raised their current financial year growth projections for India to 6.9-7.1 per cent, citing economic resilience amid the West Asia conflict, backed by investment momentum, healthy consumption demand and strong industrial activity.

They also forecast an increase in the RBI’s policy rate later this year.

Fitch raised its India gross domestic product (GDP) growth forecast to 6.9 per cent on Wednesday from 6.4 per cent made in June, while ADB and S&P Global raised theirs to 7 per cent from the 6.6 per cent forecast in June. OECD raised its GDP projection to 7.1 per cent from 6.3 per cent forecast in June.

Last week, Moody’s Ratings had also raised its GDP growth projection for India to 7 per cent for 2026-27 (FY27).

ADB raises India FY27 growth forecast to 7%, cuts FY28 estimate to 7.1%

ADB raises India's FY27 GDP growth forecast to 7% on strong Q1 growth


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