ICRA lowers India's FY27 GDP growth to 6.2% with oil at $95/barrel

ICRA reduced its estimate for India's FY27 GDP growth to 6.2% from 6.5%, citing surging global oil prices amid the ongoing West Asia crisis. The agency raised its crude price assumption to $95 per barrel in FY27, up from its earlier estimate of $85. ICRA also projected the Q4FY26 growth to drop to 7% from 7.8% in the previous quarter.