India's FY27 GDP growth forecast downgraded to 6.8-6.9% amid energy supply disruptions: Report

ICICI Bank has updated its GDP growth outlook for India, reducing it to a range of 6.8-6.9 percent for the fiscal year 2027. This alteration comes in response to significant challenges posed by the ongoing conflict, which has disrupted energy supplies and manufacturing output. The impact of soaring global oil prices and supply chain interruptions is evident on domestic production.