CEA warns of looming oil and rate pressures in India’s H2, sees Q2 growth at 7.3%

India faces challenging FY27 second half amid global risks: CEA

Nageswaran said July-August high-frequency indicators point to continued economic momentum, while September has been difficult amid rising oil prices.

CEA warns of looming oil and rate pressures in India’s H2, sees Q2 growth at 7.3%

Chief Economic Adviser V Anantha Nageswaran noted that the second half of the fiscal year would be challenging. Rising oil prices and increased global growth risks create a tougher economic environment for India. The economy saw a 7.8% GDP growth in the first quarter, backed by strong indicators like GST collections and credit growth. Upcoming data suggested a GDP growth rate of around 7.3% for July and August.

Rising interest rates around the world to make H2 of FY27 more challenging: CEA Nageswaran

Global growth rates are going to be challenged more in he second half of the current financial year, chief economic advisor V Anantha Nageswaran has cautioned. This prognosis is based on the fact that interest rates are set to rise due to central bank decisions around the world to tame inflation.