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India will be the fastest-growing economy until 2027 : American agency Moody’s

America’s additional import duty has had no impact on India !

New York (US) – India will remain the fastest-growing economy among the G-20 nations for the next two years, that is until 2027. India’s growth rate will stay at 6.5 per cent, according to American agency Moody’s. The agency has released its ‘Global Macro Outlook 2026-27’ report, in which this projection has been made. This clearly indicates that the 50 per cent additional import duty imposed by America has had no effect on India.

According to Moody’s, investment in infrastructure, strong consumer demand, and diversification in exports are driving India’s economic growth.

Indian exporters smartly identified new markets. The report further states that when America imposed a 50 per cent duty on Indian goods, Indian exporters responded wisely by tapping new markets. Exports to America fell by 11.9 per cent; however, India’s overall exports increased by 6.75 per cent in September. This shows that India’s economy is no longer dependent on any single country as it once was. The country’s internal policies have played a major role in this progress.

Moody’s notes that inflation is under control due to the Reserve Bank’s policies. The Reserve Bank kept the repo rate unchanged in October (the rate at which banks borrow funds from the Reserve Bank). This has created a favourable environment for sustained growth.

China’s growth rate may decline !

China’s growth rate may fall to 5 per cent in 2025, driven mainly by Government support and exports. Moody’s estimates that by 2027, China’s growth rate will decline further to 4.2 per cent.

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