ADB lowers India's FY27 growth forecast to 6.6%
pre-market1 source ↓written by the desknot a recommendation
- growth forecast
- 6.6%
- previously
- 6.9%
- have risen
- 5.2%
- 4.5%
The Asian Development Bank has revised India's FY27 growth forecast to 6.6%, down from 6.9% previously, citing high oil prices and increased transportation costs affecting consumer sentiment. Additionally, inflation expectations have risen to 5.2%, up from 4.5%. Despite this, India is projected to remain one of the fastest-growing economies globally.
Not investment advice. For informational purposes only.