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ICRA lowers India's FY27 GDP growth estimate to 6.2%

Posted on May 19, 2026
By Business News Today
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1 min read

ICRA lowers India's FY27 GDP growth estimate to 6.2%

Rating agency ICRA has revised India's FY27 GDP growth forecast down to 6.2% from 6.5% due to elevated crude oil prices stemming from the West Asia crisis. For FY26, growth is estimated at 7.5%. Q4 FY26 GDP growth is expected to slow to 7% amid moderating industrial and services sectors, with merchandise exports contracting.