India: Growth outlook revised higher – Standard Chartered
Standard Chartered strategists Anubhuti Sahay and Saurav Anand revise their FY27 Gross Domestic Product (GDP) growth forecast to 7.2% from 6.6% following a robust Q1-FY27 print and strong high-frequency indicators.
Standard Chartered strategists Anubhuti Sahay and Saurav Anand have raised their FY27 Gross Domestic Product (GDP) growth forecast to 7.2% from the previous 6.6%. The revision comes after a robust Q1-FY27 performance and favorable high-frequency indicators. They anticipate continued momentum into the festival season, with Q2-FY27 growth expected at 7.4% and H2-FY27 at 6.7%, despite potential headwinds from El Niño, higher inflation, and waning GST tailwinds.
The forecast revision is based on stronger-than-expected Q1-FY27 GDP growth of 7.8% and continued positive momentum in July, as shown by their composite economic indicator.
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