# HSBC says twin shocks of energy crisis and deficient rainfall will lead to the real GDP growth falling to 6% in FY27.

*business · news · 2026-05-11 · The Hindu*

## Key points

- HSBC predicts India's real GDP growth will fall to 6% in FY27, down from 7.4% in FY26.
- HSBC forecasts two RBI rate hikes in December and March due to rising inflation pressures.
- HSBC now emphasizes temperature as a stronger predictor of food inflation than rainfall in India.
- The brokerage has factored a ₹7 per litre petrol/diesel price hike to address oil marketer losses.

**Companies:** HSBC
**Countries:** India

[Read the full story on The Hindu](https://www.thehindu.com/business/Economy/hsbc-slashes-fy27-gdp-estimate-sharply-to-6-expects-two-rbi-rate-hikes/article70967007.ece)

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