RBI Grade BNABARD ESISEBI
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Four institutions — the ADB, OECD, Fitch and S&P Global — raised their FY27 growth projections for India to 6.9–7.1 per cent, citing resilience amid the West Asia conflict. All also forecast an RBI rate hike later this year.
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| Agency | June–August | September |
|---|---|---|
| OECD | 6.3 | 7.1 |
| ADB | 6.6 | 7.0 |
| S&P Global | 6.6 | 7.0 |
| Moody’s | 6.0 | 7.0 (raised last week) |
| Fitch | 6.4 | 6.9 |
Other projections: Goldman Sachs 6.5 (June), World Bank 6.6 (June), IMF 6.4 (July), RBI 6.7 (August)
- All five global agencies are now above the RBI’s 6.7 per cent projection
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- The economy grew 7.8 per cent in April–June, faster than expected, despite West Asia headwinds
- Driven by investment momentum, healthy consumption demand and strong industrial activity
