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Business India Ratings Raises FY27 GDP Forecast to 6.8% Despite El Nino, West Asia Risks
India Ratings and Research (Ind-Ra) raised its FY27 GDP growth forecast to 6.8% from 6.7%, but expects a sharp slowdown from 7.6% in FY26 due to inflation, rupee weakness and El Nino risks. The agency also projected retail inflation at 4.9% and a wider current account deficit of 1.5% of GDP.
August 18, 2026
Business India's current account deficit likely to widen to 1.5% of GDP in FY27 as higher oil prices weigh: Report
According to a Crisil report, India's current account deficit is expected to widen to 1.5% of GDP in FY27 from 0.6% in FY26, driven by higher crude oil and commodity prices. The forecast follows official trade data showing the merchandise trade deficit widening to $30.4 billion in June. Crude oil prices are expected to average $82-87 per barrel this fiscal.
July 17, 2026
Business IMF Says India Remains a Key Driver of Global Economic Growth
The International Monetary Fund has retained India's growth projection at 6.5% for fiscal year 2026-27, citing robust domestic demand and US tariff reductions. Director Julie Kozack noted India's economy outperformed expectations in Q1, while the IMF sees positive developments from the Middle East ceasefire and Strait of Hormuz reopening.
July 8, 2026
Business EY Forecasts India GDP Growth of 6.6-6.8% in FY27 on Resilient Domestic Demand, Lower Energy Prices
EY's Economy Watch expects India's real GDP to grow 6.6-6.8% in FY27, driven by resilient domestic demand, lower global energy prices, and normalisation of Strait of Hormuz shipments. CPI inflation is projected at 4.5% and the current account deficit at 1.5% of GDP.
July 8, 2026