New Delhi, April 6 -- ICICI Bank has revised India's projected GDP growth for the 2027 fiscal year to a range of 6.8-6.9 per cent from a previous estimate of 7.2 per cent. This adjustment follows significant disruptions in energy supply and manufacturing momentum triggered by the ongoing conflict.

According to a report by the bank, the economic outlook has shifted as global oil prices and supply chain blockades begin to weigh on domestic production.

The revised forecast of 6.8-6.9 per cent relies on the assumption that oil prices eventually settle around USD 85 per barrel as supply lines improve.

The report highlighted that before the start of this conflict, the domestic growth outlook looked far more optimistic. Data from the new GDP ...