The revision, July 10 -- a 30-basis-point cut to India's fiscal 2027 growth forecast, now at 6.6 percent, down from 6.9 percent projected in April.

the Iran-United States military confrontation has compressed tanker passage through the Strait of Hormuz, lifted Brent crude above $110 per barrel, and fed that price increase directly into an economy that imports approximately 87 percent of its crude oil requirements.

The ADB's supplementary note models the energy shock's GDP impact through three simultaneous channels. Higher fuel input costs raise production expenses for manufacturers and logistics operators and compress operating margins across industry. A widened crude import bill pushes the current account deficit toward levels that req...