S&P and Fitch raise India growth forecasts after 7.8% first-quarter expansion

The Economic Times reported on October 4 that S&P Global Ratings and Fitch Ratings had raised their India growth forecasts following 7.8% growth in the first quarter of FY27. MoSPI secretary Saurabh Garg said corporate earnings, investment and activity in manufacturing and services pointed to continued momentum. He also warned of oil-price risks tied to tensions in West Asia, while saying government measures had helped cushion the economy.