ICRA expects GDP growth to moderate to 6.5 pc in FY27 amid West Asia conflict

ICRA expects GDP growth to moderate to 6.5 pc in FY27 amid West Asia conflict

New Delhi, Mar 30 (PTI) ICRA on Monday said it estimates India's GDP growth to moderate to 6.5 per cent in 2026-27, from 7.6 per cent in the current fiscal year owing to the adverse impact of elevated energy prices and concerns around energy availability amid the West Asia conflict. The growth projections assume average crude oil price at USD 85/bbl in 2026-27 fiscal year. It expects India's current account deficit (CAD) to widen sharply to 1.7 …

West Asia conflict may shave 1 pct off India's GDP growth, raise inflation: EY

New Delhi [India], March 30 (ANI): The ongoing conflict in West Asia could shave around one percentage point off India’s economic growth and push up inflation if the disruptions persist, according to a report by Ernst & Young. The latest edition of the report, ‘Economy Watch: Monitoring India’s macro-fiscal performance’, warned that prolonged geopolitical tensions could weigh on India’s macroeconomic outlook through higher energy prices and supp…

West Asia conflict may hit India GDP by 1%: EY

The ongoing conflict in West Asia could shave around one percentage point off India's economic growth and push up inflation if the disruptions persist, according to a report by Ernst & Young.