Business Standard
Moody's Ratings on Tuesday slashed India's GDP growth forecast for year 2026 by 0.8 percentage points to 6 per cent on subdued private consumption, capital formation, and industrial activity amid higher energy costs. In its Global Macro Outlook May update, Moody's said over the next six months, the impact from higher energy prices and fuel and fertilizer-related shortages will vary widely across countries, reflecting differences in exposure and resilience. "The global outlook remains highly uncertain amid an increasingly prolonged confrontation and fragile ceasefire between the US and Iran, We estimate growth losses ranging from around 0.8 ppt for India," Moody's said. For calendar year 2027, Moody's slashed GDP growth estimates by 0.5 percentage points to 6 per cent for India, reflecting lingering headwinds that gradually fade as shipping flows stabilise and energy supplies improve, allowing underlying economic activity to recover. Moody's said India is "particularly vulnerable" t
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