ICRA lowers India's FY27 GDP growth estimate to 6.2%
pre-market1 source ↓written by the desknot a recommendation
- growth estimate
- 6.2%
- 6.5%
- is projected
- 7.5%
- NSO's estimate
- 7.6%
ICRA has revised India's FY27 GDP growth estimate to 6.2%, down from 6.5%, citing elevated crude oil prices due to the West Asia crisis. For FY26, GDP growth is projected at 7.5%, slightly below the NSO's estimate of 7.6%. The agency anticipates crude oil prices to average USD 95/bbl in FY27, impacting economic outlook.
Not investment advice. For informational purposes only.