ADB Cuts India FY27 Growth Forecast to 6.6% on Higher Oil Prices

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.

ADB cuts India's FY27 growth forecast to 6.6% as energy shocks weigh on demand

The multilateral lender has trimmed its FY27 GDP outlook from 6.9%, citing prolonged disruptions in global energy markets after the West Asia conflict, while retaining its FY28 forecast.

ADB Revises Down India’s Growth To 6.6 pc In FY27

Growth will be supported by policy interventions to attract more foreign capital, as well as fuel tax cuts, targeted credit support, strong services exports, and public capital expenditure

Asian Development Bank cuts Indias FY27 GDP growth forecast from 6.9% to 6.6% - The Tribune

India's economy is still the fastest-growing major economy in the world despite the slowdown in growth.

ADB trims India's FY27 growth projection to 6.6% from 6.9% on higher energy prices

Asian Development Bank on Thursday lowered India's GDP growth projection to 6.6 per cent as against 6.9 per cent estimated earlier for the current fiscal on concerns of higher energy prices fuelled by the Middle East crisis.

ADB cuts India's FY27 GDP growth aim to 6.6% on higher energy prices

The Asian Development Bank has lowered India's FY27 GDP growth forecast to 6.6 percent. Elevated energy prices are impacting household purchasing power and squeezing real incomes. The lender also raised India's FY27 inflation forecast to 5.2 percent. South Asia's growth projection for 2026 was also reduced by 0.3 percentage points. Risks to the growth outlook remain tilted to the downside due to geopolitical tensions.