However, as disruption fades, assisted by recent government measures to support SMEs and exporters with GST compliance, real GDP growth will rise to 7.5 per cent in FY2018, with similarly robust levels of growth from FY2019 onward," said the rating agency. In the long term, India's growth potential is significantly higher than most other Baa-rated sovereigns, it added. Moody's separately raised the ratings of top Indian lender State Bank of India, HDFC Bank as well as state-run energy firms, NTPC, NHPC, GAIL India Limited and the National Highways Authority of India, potentially lowering their borrowing costs.