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Global institutions raise India’s growth forecasts as economy shows broad-based strength

Major international institutions have raised their growth forecasts for India, reflecting confidence in the country’s economic momentum and resilience amid global uncertainty. The Organisation for Economic Co-operation and Development (OECD) has revised its GDP growth projection from 6.3% to 7.1%, while S&P Global raised its forecast from 6.6% to 7%. Fitch Ratings increased its estimate from 6.4% to 6.9%, the Asian Development Bank (ADB) from 6.6% to 7%, and Moody’s Ratings from 6% to 7%. All five institutions have upgraded their projections, with four now expecting growth of around 7% or more. [...]