FY27 Indian growth to be 6.7% if avg crude price $90/bbl: Care Ratings

If global crude oil prices average at $90 per barrel for the full year, Care Ratings estimates India’s GDP growth to moderate to 6.7 per cent in FY27.
This is a downward revision from its pre-conflict growth forecast of 7.2 per cent, assuming crude oil averaging $60-$70 per barrel.
If crude oil prices average around $120 per barrel in FY27, it sees India’s annual GDP growth dropping below 6 per cent.