Middle East conflict clouds India’s FY27 GDP forecast of 7-7.4%: Govt

The Middle East crisis has weighed on India’s industrial performance in early FY27, with softening business sentiment and e-way bill growth declining, the department of economic affairs said.
A ‘supply shock’ is apparent in the economy, it noted.
Though the crisis has slightly dampened bankers’ optimism regarding loan demand and terms for the Q1 FY27, financial instability is not a threat, it said.