The report said the revision was driven by the immediate impact of rising costs, even as supply chains are expected to stabilise in the near future. The revised growth estimates came with a significant change in the global energy landscape.

India’s FY27 growth forecast cut to 6.9% as energy crunch hits industry: ICICI Bank report

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India’s FY27 growth forecast cut to 6.9% as energy crunch hits industry: ICICI Bank report