# Anubhuti Sahay, Head- India Economic Research at Standard Chartered Bank, believes elevated crude oil prices will drag Indian economic growth momentum.

*business · news · 2026-05-05 · Livemint*

## Key points

- Standard Chartered Bank downgraded India's FY27 GDP growth forecast from 7.1% to 6.4%.
- High crude prices and weak monsoon could increase inflation above the projected 4.7%.
- RBI may consider a 25-50 bps rate hike if risks to inflation and rupee intensify.
- Consumption growth is hindered by low real income growth and weak employment creation.
- High-frequency data already show adverse impacts on new projects and corporate input costs.

**Companies:** Standard Chartered Bank
**Countries:** India

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