Why S&P, Fitch and Moody’s have all upgraded India’s FY27 growth outlook

India’s stronger-than-expected 7.8% GDP growth in the June quarter has prompted S&P Global Ratings, Fitch Ratings and Moody’s Ratings to raise their FY27 growth forecasts. The upgrades reflect robust domestic demand, industrial activity, exports and investment, although the agencies expect growth to moderate later in the fiscal year.