Crisil lifts India FY27 growth forecast to 7% on strong H1 momentum

Crisil Projects 7% GDP Growth for India as Rising Inflation Risks Trigger Rate Hike Expectations: Chief Economist Dharmakirti Joshi

Get latest articles and stories on Business at LatestLY. Supported by strong momentum in the first half of the fiscal year, India's economy is on track to achieve a 7 per cent growth rate, even as inflationary pressures and monsoon deficiencies present fresh macroeconomic challenges. Business News | Crisil Projects 7% GDP Growth for India as Rising Inflation Risks Trigger Rate Hike Expectations: Chief Economist Dharmakirti Joshi.

Crisil lifts India FY27 growth forecast to 7% on strong H1 momentum

Crisil has raised its GDP growth forecast for India in FY27 to 7%, reflecting strong domestic demand. Resilient consumer spending and government investment are key factors supporting this growth projection. However, potential inflation risks from a strengthening El Nino and elevated energy prices may pose challenges. The Reserve Bank of India might respond with rate hikes to manage inflation pressures.