India Ratings Raises FY27 Growth Forecast

India Ratings Raises FY27 Growth Forecast

Category: Economy / GDP / Inflation

• India Ratings and Research (Ind-Ra) raised India's FY27 GDP growth forecast.
• Revised forecast: 6.8%.
• Previous forecast: 6.7%.
• Increase: 10 basis points.
• Main reason cited: lower crude oil prices.
• Nominal GDP growth forecast: 10.4%.
• WPI inflation projection: 8.5%.
• CPI inflation projection: 4.9%.
• Current Account Deficit (CAD) projected at 1.5% of GDP.
• Fiscal deficit target mentioned: 4.3% of GDP.

Key Pointers:

• Ind-Ra FY27 GDP forecast → 6.8%.
• Revision → +10 bps.
• CPI forecast → 4.9%.
• CAD forecast → 1.5% of GDP.