S&P Global Lowers India's FY27 GDP Growth Forecast to 6.6%
| Category | Key Details |
|---|---|
| Revised GDP Forecast | S&P Global lowered India's FY27 GDP growth forecast from 7.1% to 6.6% (50 bps reduction). |
| Report Title | Joint report by S&P Global and CRISIL titled "India Forward". |
| Major Risks Identified | - Rising crude oil prices - Energy supply disruptions - Rupee volatility - Inflationary pressures |
| West Asia Conflict Impact | - Brent crude peaked at $126/barrel (April 30) - Pre-conflict price: ~$73/barrel. |
| Oil Dependency Concerns | High oil imports may: - Increase import bills - Worsen inflation - Depress rupee value. |
| Govt. Mitigation Steps | - Kept petrol/diesel prices stable - Held domestic LPG prices steady (commercial LPG prices raised). |