ICICI Bank lowers India's FY27 GDP growth forecast to 6.9%
pre-market1 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. The impact is expected to affect industrial production in sectors like fertilizers, metals, and glass during Q4FY26 and Q1FY27. A gradual easing of supply constraints is anticipated thereafter.
Not investment advice. For informational purposes only.