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Morgan Stanley has cut India’s growth forecast to 6.2% from 6.5% for FY27.
Morgan Stanley cut India's FY27 growth forecast to 6.2% from 6.5%.
KEY POINTS
- Morgan Stanley raised India's FY27 inflation forecast to 5.1% from 4% due to West Asia conflict.
- India's current account deficit is now projected at 2.5% of GDP, up from 1%.
- If oil hits $150/barrel for a quarter, GDP growth could fall to 5.7% and inflation exceed 6%.
- S&P Global Ratings raised its FY27 India growth forecast to 7.1%, diverging from other agencies.
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Summarized by Newsio from The Financial Express. How we summarize →