New Delhi, May 12 -- Indias economic growth is expected to slow to 6.7 percent in FY27, down from an estimated 7.7 percent in FY26, as weakening domestic momentum and rising crude oil prices linked to the Iran conflict weigh on the economy, according to BMI.
Higher Oil Prices Threaten Growth Momentum
The report said GDP growth could slow sharply in the current fiscal due to higher input costs, supply disruptions and the economic fallout of the ongoing Iran conflict, which has pushed global crude prices higher.
BMI revised its FY26 growth estimate upward by 0.1 percentage point to 7.7 percent and said Indias economy likely expanded 8 percent year-on-year in the January-March quarter of 2026, slightly above its earlier projection of 7....