HSBC slashes FY27 GDP estimate sharply to 6%, expects two RBI rate hikes
Twin shocks of energy crisis and deficient rainfall will lead to the real GDP growth falling to 6% in FY27 from 7.4% in FY26, a foreign brokerage said on Monday. The shocks will also stoke inflation, and may prod the Reserve Bank to hike key lending rates twice in the current fiscal, HSBC said in…
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