Indian exports jumped by as much as 6.75 percent in September despite the current US administration's use of pressure tactics, including putting 50% tariffs on the country's exports to America, Moody's Ratings said in its Global Macro Outlook 2026-27 report.
"Indian exporters, facing 50% US tariffs on some products, have succeeded in redirecting exports, its overall exports climbed 6.75% in September even as shipments to the US dropped 11.9%," the agency said.
Moody's further said that India will maintain its status as the fastest-growing economy among the G20 group of nations through 2027, with the Indian economy expected to grow at a rate of at least 6.5% for the next two years.
It underlined that India's financial growth will be achieved through massive investments in infrastructure, strong demand from domestic consumers and the country's successful efforts to diversify its exports away from the US.
Notably, earlier this week, the World Bank's lead economist, Aurelien Kruse, forecast that India's growth rate could even touch 7% this fiscal.
"The World Bank, like the IMF, are very consistent in their forecast that India remains, and by a wide margin, the fastest-growing large economy in the world. We forecast that India will grow anywhere between 6.3 and 7% over the foreseeable future. There's no reason for India to grow significantly below 6% just because it is such a dynamic economy," Kruse said.