ADB lowers India's FY27 growth forecast to 6.6%
after close1 source ↓written by the desknot a recommendation
- growth forecast
- 6.6%
- 6.9%
- have risen
- 5.2%
- previously
- 4.5%
The Asian Development Bank has cut India's FY27 growth forecast to 6.6% from 6.9%, citing high oil prices and rising transportation costs impacting consumer sentiment. Additionally, inflation expectations have risen to 5.2%, up from 4.5% previously, driven by elevated energy and food prices. Despite these adjustments, India remains among the fastest-growing major economies.
Not investment advice. For informational purposes only.