OECD raises India's FY27 GDP growth forecast to 7.1%

The OECD has raised its fiscal year 2027 growth forecast for India by 80 basis points to 7.1%, up from an earlier projection of 6.3%. The upgrade comes after India reported 7.8% GDP growth in the first quarter of FY27.

The OECD's revision aligns with recent upgrades by other major rating agencies including Fitch, S&P Global Ratings, and Moody's, all of which have similarly raised their India growth projections in light of the stronger-than-expected economic performance.