Weak investments, higher oil prices to slow India’s GDP growth to 6.6% in FY27: Poll

Synopsis India’s economic growth is projected to slow significantly this fiscal year. Private investment remains weak, and higher oil prices will impact domestic demand. Economists suggest official figures may overstate the economy’s true underlying strength. Companies hesitate to expand capacity due to demand uncertainty and global factors. The Reserve Bank of India faces challenges balancing growth and inflation pressures. Bengaluru: India’s economic growth is expected to slow sharply this fiscal year from last year’s robust expansion and recover only modestly the following year, a Reuters poll of economists found, as weak private investment and higher oil prices triggered by the…