Icra lowers India's FY27 GDP growth forecast to 6.2%
after close1 source ↓written by the desknot a recommendation
- forecast
- 6.2%
- due to rising
- 6.5%
Icra Limited has revised India's FY2027 GDP growth forecast down to 6.2% from 6.5% due to rising oil prices and the impact of the West Asia conflict. The agency now expects crude oil prices to average USD 95 per barrel in FY2027, up from USD 85 previously. This adjustment reflects concerns over elevated energy costs affecting economic activity.
Not investment advice. For informational purposes only.