Mumbai, April 22 -- Moody's Ratings has lowered India's FY2027 growth outlook to 6% from 6.8%, warning that elevated energy prices driven by Middle East tensions could weaken consumption and strain the economy. Higher crude costs are likely to expand the trade deficit given India's reliance on fuel imports, while potential disruptions in Gulf Cooperation Council economies may reduce remittance inflows, adding pressure on the current account. The agency also highlighted risks to agriculture, noting that dependence on imported fertilisers like urea and ammonia could lead to supply shocks, higher input costs, and threats to food security.
Published by HT Digital Content Services with permission from Capital Market....