"Moody's Ratings has slashed India's economic growth projections for the current fiscal to 6%, from 6.8% earlier. The credit ratings agency said the US-Israeli war against Iran and its impact on the global energy market will weigh on India's growth momentum and heighten inflation risks."
"In light of India's economic exposure to the ongoing military conflict in the Middle East, we expect real GDP growth to moderate to 6% in fiscal 2026-27 from 6.8% earlier."
"The Iran war has severely disrupted global energy supplies, including India's, which is primarily dependent on LPG for its cooking needs."
Moody's has revised India's economic growth forecast down to 6% from 6.8% due to the Iran war's impact on global energy supplies. India's reliance on Iranian crude oil has increased as the country seeks to secure energy amidst ongoing conflicts. The war has disrupted energy supplies, particularly liquefied petroleum gas, which is essential for cooking in India. The economic outlook is further challenged by subdued private consumption and industrial activity, leading to heightened inflation risks.
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