HSBC slashes FY27 GDP estimate sharply to 6%, expects two RBI rate hikes
- Posted on May 11, 2026
- By Business News Today
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- 1 min read
HSBC slashes FY27 GDP estimate sharply to 6%, expects two RBI rate hikes
India's economic growth is projected to slow to 6 percent in FY27. This slowdown is attributed to an energy crisis and insufficient rainfall. These factors will also increase inflation. The Reserve Bank may raise interest rates twice this fiscal year to manage rising prices. The formal sector, rural households, and small businesses are expected to face significant challenges.
