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OECD Raises India's FY27 GDP Growth Forecast to 7.1%, Boosts Confidence
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CNBC Awaaz•23-09-2026, 14:05
OECD Raises India's FY27 GDP Growth Forecast to 7.1%, Boosts Confidence
- •The OECD has increased its GDP growth estimate for India for FY2026-27 to 7.1%, up 0.8 percentage points from its previous forecast.
- •India's growth is projected at 6.5% for FY2027, 0.1 percentage points higher than the previous estimate, maintaining its position as the fastest-growing major economy.
- •Domestic demand and government policies have helped mitigate the impact of high fuel prices in India.
- •The OECD projects global economic growth at 2.9% in 2026 and 3% in 2027.
- •India's core consumer inflation is estimated to be 4.7% in 2026 and 4.2% in 2027, according to the OECD.
Key Questions Answered
The OECD has raised India's GDP growth estimate for the fiscal year 2026-27 to 7.1%, which is 0.8 percentage points higher than its previous June estimate, keeping India the fastest-growing major economy.
According to the OECD report, India's core consumer inflation is projected to be 4.7% in 2026 and 4.2% in 2027.
The OECD has projected global economic growth of 2.9% in 2026 and 3% in 2027, noting that global growth slowed in the early half of 2026 while holding up better than expected.
