Topic
consumption
Business India GDP Growth to Slow to 6.6% in FY27 on Weaker Consumption and Investments:
BMI forecasts India's economic growth will moderate to 6.6% in fiscal year 2026/27, a slowdown from the 7.7% recorded in FY26. The research firm attributes the deceleration to three factors: fading consumption boost from GST reforms, elevated inflation driven by the Strait of Hormuz disruption, and slowing investment growth. The rupee is expected to average 95.1/USD, supporting export competitiveness.
Business Strong Consumption Drives Steady Growth Amid Iran Conflict Costs
India's economy maintains steady growth driven by strong domestic consumption, despite challenges from the West Asia conflict. The government is focusing on attracting foreign investment and asset sales to boost revenue.
Trade RBI Warns Monsoon Deficiency May Impact India's Trade
The Reserve Bank of India warns that a projected monsoon deficiency may affect rural demand and consumption, potentially impacting trade. The RBI has adjusted its GDP growth forecast for FY27 to 6.6% amid global supply chain disruptions.