Icra cuts India's FY27 GDP growth forecast to 6.2%
pre-market1 source ↓written by the desknot a recommendation
- forecast
- 6.2%
- due to rising
- 6.5%
- in April 2026
- 8.3%
- in March
- 8.0%
Icra Limited has revised India's FY2027 GDP growth forecast down to 6.2% from 6.5% due to rising oil prices and geopolitical tensions in West Asia. The agency expects crude oil prices to average USD 95 per barrel, impacting economic activity and financial conditions. This adjustment reflects mixed trends in high-frequency indicators, with the Icra Business Activity Monitor showing a YoY growth of 8.3% in April 2026, up from 8.0% in March.
Not investment advice. For informational purposes only.