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HSBC says twin shocks of energy crisis and deficient rainfall will lead to the real GDP growth falling to 6% in FY27.
HSBC predicts India's real GDP growth will fall to 6% in FY27, down from 7.4% in FY26.
KEY POINTS
- 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
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