Question
ICRA Limited revised down India’s GDP forecast by 30 basis points to 6.2% in FY27. What was ICRA’s previous estimate for FY27?
Solution
ICRA revised down India’s GDP forecast by 30 basis points to 6.2% in FY27, compared to its previous estimate of 6.5%. The downward revision was mainly driven by elevated crude oil prices due to ongoing West Asia conflict. ICRA projected India’s GDP growth for FY26 at 7.5%.
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