India's economic growth to slow to 6.8% FY27 amid West Asia crisis, El Nino impact
India Ratings & Research projected India's GDP growth to slow to 6.8% in FY27, down from 7.6% last year. The downgrade is attributed to risks from fuel and food inflation linked to the West Asia crisis and the El Nino weather phenomenon. The Reserve Bank of India had previously raised growth projections to 6.7%, indicating ongoing economic resilience.