Economists Cut India GDP Forecast to 6.6% Amid Oil Price Shock, Mideast Crisis

A recent Reuters poll shows economists have cut India's GDP growth forecast for the fiscal year to March 2027 to 6.6%, a full percentage-point drop from the prior year's 7.7%. This revision is primarily attributed to the significant spike in oil prices and a slowdown in private investments. Experts also noted weaker real economic activity over the past five months since the Middle East crisis began. For Pakistan, sustained high oil prices could pressure the USD/PKR rate and potentially boost local gold demand as a hedge against inflation.

بحوالہ / Source: oilprice.com