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(06/01/2026 15:29)

Ind-Ra Projects India’s GDP Growth at 6.9% in FY27; ‘Goldilocks’ Phase Seen Continuing

India Ratings & Research (Ind-Ra) on Tuesday projected India’s GDP growth at 6.9 per cent in FY27 (2026–27), starting April 1, stating that key reforms such as GST, income tax cuts, and trade agreements will act as strong economic catalysts and help shield the economy from global volatility.

The economy is expected to remain in a ‘Goldilocks’ phase, characterised by healthy growth and moderate inflation, with retail inflation averaging around 3.8 per cent in the next fiscal year as well. An Indo-US trade deal with lower tariffs could further add to GDP growth, said Devendra Kumar Pant, Chief Economist at Ind-Ra.

For the current fiscal year, Ind-Ra has projected real GDP growth at 7.4 per cent, while nominal GDP growth is estimated at 9 per cent.
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