Moody's ups India's FY27 growth estimate to 7 pc on broad-based momentum

Moody’s Ratings predicts a robust 7 per cent growth for the Indian economy in the current fiscal year, fueled by strong momentum and resilience to energy supply shocks. Nonetheless, household consumption faces challenges from rising prices and unfavorable weather impacts on agriculture. Additionally, the Reserve Bank of India may further increase interest rates, possibly hindering private investment recovery, while new indicators suggest a potential rebound in private capital expenditure.

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