ICRA forecasts 7% GDP growth for Q1 FY27

ICRA projects India's GDP growth to slow to 7% in Q1 FY27, the weakest in four quarters. This indicates a moderation in economic momentum amid tight monetary conditions and sluggish rural demand. A lower growth number could influence RBI's rate-setting trajectory and market expectations. Weakness may weigh on equity sentiment, especially in consumption and banking.

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