Moody's revises India's GDP growth forecast to 7 percent

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Moody's has raised its forecast for India's real GDP growth for the current fiscal year from 6% to 7%.
The rating agency said India's growth will remain the fastest among all G-20 economies and similarly rated emerging markets.
Moody's cited India's economic resilience despite the ongoing conflict in the Middle East.
Tensions around the Strait of Hormuz are raising India's energy import bill and pushing up inflation, which could affect GDP growth.
The upgrade adds independent weight to India's growth figures, which had earlier faced accusations of being inflated by the government.

Whether Middle East tensions and rising energy import costs force Moody's to revise the 7% forecast again
Upcoming quarterly GDP data releases amid ongoing disputes over base-year revisions
Inflation trends linked to oil imports through the Strait of Hormuz

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Named India · G20 · Government of India · Moody's · Reuters

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