Business
Archived — This article has been archived. The information may be outdated.
Goldman Sachs raised India FY27 GDP growth forecast to 6.5% from 6.1% after Iran peace deal
The New Indian Express··27 Jun
New Indian Express reported brokerage cut inflation outlook to 4.9% from 5.1% as Indian crude basket fell from above $100 for three months to $70.71 on June 24 with commodities team revising oil to $82 average in Q2-Q3.
Prism
What It Means For You
- Lower oil prices can boost growth forecasts.
- Inflation outlook may improve with cheaper crude.
- RBI may still hike rates if core inflation persists.
What's Happening
- Goldman raised FY27 growth forecast to 6.5%.
- Inflation estimate was cut to 4.9%.
- Iran peace deal eased oil price assumptions.
Economic Context
- Strait of Hormuz closure had lifted crude.
- RBI earlier forecast 6.6% growth.
- Weather risks remain for rural demand.
all-news
