ICICI Bank lowers India's FY27 GDP growth forecast to 6.9%
after close1 source ↓written by the desknot a recommendation
- forecast
- 6.9%
- due to energy
- 7.2%
ICICI Bank has revised India's FY27 GDP growth forecast down to 6.9% from 7.2% due to energy supply disruptions affecting industrial production. The impact is expected to be concentrated in Q4FY26 and Q1FY27, particularly in sectors like fertilizers, metals, and glass. Gradual easing of supply constraints is anticipated in the following months.
Not investment advice. For informational purposes only.