Global Agencies Hike India’s FY27 Growth Projections To Around 7%

…G20 economies. The Indian economy grew higher than expected at 7.8 per cent in the June quarter, driven by robust industrial activity, healthy consumption, strong goods exports, and accelerating government investment. “ We expect the balance of considerations to shift toward higher interest rates. Factors supporting this shift include solid growth, persistent inflationary pressures, an unresolved conflict in West Asia, and weather-related risks. We expect consumer inflation to average 5.1 per cent and the Reserve Bank of India to raise its policy rate by 25 bps in the current fiscal year ,” S&P said in a statement. However, Fitch said in a statement that India’s economic momentum is likely to moderate over the remaining fiscal year, prompting the RBI to increase interest rates by 0.25 per cent in its…

…Fitch said in a statement that India’s economic momentum is likely to moderate over the remaining fiscal year, prompting the RBI to increase interest rates by 0.25 per cent in its October monetary policy meeting. “ However, India’s inflation is expected to touch 5.5 per cent in December this year ,” it said, adding that world growth is holding up well in the face of the energy price shock, but real interest rates are rising.…