Domestic rating agency Crisil on Wednesday raised its FY27 GDP growth forecast for India to 7% from 6.6%, citing expectations of strong economic growth in the first half of the fiscal year.
The upgrade added to a broader shift in expectations for India, with the Asian Development Bank, S&P Global Ratings and Moody’s Ratings also putting the country’s growth outlook at around 7%. Resilient consumers, investment and government spending helped cushion the economy from a volatile global backdrop.
