HSBC revises FY27 GDP growth estimate to 6%
after close1 source ↓written by the desknot a recommendation
- growth estimate
- 6%
- in FY26
- 7.4%
HSBC has sharply revised its FY27 GDP growth estimate to 6%, down from 7.4% in FY26, citing the impacts of an energy crisis and deficient rainfall. The brokerage also anticipates two rate hikes by the Reserve Bank of India in the current fiscal to combat rising inflation. This adjustment signals potential volatility in the market as investors react to changing economic forecasts.
Not investment advice. For informational purposes only.