India, Jan. 13 -- BMI, a Fitch Group company, on Monday forecast a 7.4 per cent growth for the current fiscal and 7 per cent for FY27 saying a favourable policy environment bode well for India's economic outlook.

It said that monetary and regulatory measures should stimulate investment and consumption over 2026-27 fiscal. "A strong advanced estimate of the current fiscal year's GDP, rising US-bound merchandise exports during the past two months, and a favourable policy environment bode well for India's economic outlook," BMI said in a report. The National Statistics Office (NSO) has projected a 7.4 per cent GDP expansion for FY2025/26 (April-March).

This implies the Government expects GDP will grow by around 7 per cent Y-o-Y on average ...