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ADB cuts India FY27 growth forecast to 6.6% on higher oil prices
The Asian Development Bank has lowered India's FY27 growth forecast to 6.6 percent. Higher crude oil prices and transportation costs will impact consumer sentiment and demand. The bank retained its FY28 growth forecast at 7.3 percent, expecting global conditions to improve. Inflation forecast for FY27 is raised to 5.2 percent due to oil and food prices. Policy measures and public capital expenditure will support India's economic momentum.
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newsbytesapp.com
India to grow at 6.4% in FY27, says IMF
The IMF has lowered India's FY27 growth forecast to 6.4% due to global challenges, while projecting a rebound to 6.7% in FY28 amidst improving conditions.
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economictimes.indiatimes.com
IMF: India's growth forecast cut to 6.4%; higher energy prices to weigh on economy
The International Monetary Fund (IMF) has marginally lowered India's FY27 GDP growth forecast to 6.4% from 6.5%, while maintaining that India remains one of the world's…
