Economy
Moody’s Ratings cuts India’s FY27 growth forecast to 6% on higher energy costs
What's happening now
Moody’s Ratings has revised India's FY27 GDP growth forecast downward to 6%, citing rising input costs driven by higher energy prices linked to geopolitical tensions involving Iran. The report highlights India's vulnerability to supply chain disruptions in the Middle East, specifically concerning oil, gas, and fertilizers, which could strain the trade balance, inflation, and fiscal position.
Source: Economic TimesRead the full story →