Economy, Banking and Finance · 1 April 2026
ICRA projects India GDP growth at 6.5% for FY27 amid West Asia conflict
Exam-focused facts from the 1 April 2026 current affairs briefing.
Key facts
- ICRA forecasts India’s GDP growth to moderate to 6.5% in FY27 from 7.6% in FY26.
- The projection assumes average crude oil price at USD 85 per barrel in FY27.
- ICRA expects India’s current account deficit (CAD) to widen to 1.7% of GDP in FY27 from 1% in FY26.
- Elevated energy prices and concerns around energy availability due to the West Asia conflict are cited as key downside risks.
- ICRA anticipates an extended pause on policy rates by the Monetary Policy Committee (MPC) through FY27.