ICRA has lowered India’s FY27 GDP growth forecast to 6.2 per cent from 6.5 per cent, citing elevated crude oil prices, slowing exports and disruptions linked to the ongoing West Asia crisis. The agency also expects Q4 FY26 growth to moderate

India’s FY27 growth outlook (7–7.4 pc) is under pressure from the West Asia conflict, which may drive inflation, raise costs and slow demand, though domestic fundamentals remain supportive