Moody's raises India's FY27 growth forecast to 7% on broad-based momentum

Moody’s has raised its forecast for India’s economic growth in fiscal year 2027 to 7%, citing broad-based momentum. The outlook also points to the country’s large refining capacity, including the world’s largest single-site refining complex. That capacity has helped limit fuel supply disruptions and supports India’s position as a major exporter of refined petroleum products, according to the report.