ICRA cuts India's FY27 GDP growth forecast to 6.2%

ICRA has downgraded India's real GDP growth forecast for FY27 to 6.2% from 6.5% earlier, citing slower-than-expected rural recovery and weak private consumption. The rating agency also projected FY26 growth at 6.4%, marginally below earlier estimates. This revision raises concerns over near-term economic momentum and corporate earnings growth.

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