INDIA GROWTH FORECAST
Groww, world’s most expensive broking stock, to face earnings test today after doubling from IPO price
Billionbrains Garage Ventures (Groww) is set to report earnings Monday, with investors questioning whether its rich valuation is justified. The stock has surged 29% this year. Analysts expect net income to double to Rs 6.6 billion, but its 43x forward P/E—higher than Robinhood, Interactive Brokers and Angel One—will keep scrutiny on the sustainability of growth.
India banks’ credit growth seen outpacing deposits in FY27: Analysts
Bank credit growth is set to outpace deposit expansion in fiscal 2027. Analysts predict credit will grow 12-14% while deposits rise 10-12%. This trend follows a pattern where credit has consistently grown faster than deposits for over a decade. Revised liquidity norms may help manage this gap. Declining CASA ratios are a concern, impacting bank profitability.
India's banking sector resilient; 11-13% credit growth for January-June likely: Survey
Indian banks anticipate robust non-food credit growth of 11-13% from January-June 2026, driven by improving balance sheets and steady economic activity. Retail and SME segments are expected to lead this expansion, while industrial credit will see a more measured recovery. Most bankers foresee a stable monetary policy stance.
India resilient amid oil shock, may grow 6.8%-7.1% despite global headwinds: SBI Research
India faces global challenges from a strong position. Economic growth is projected between 6.8% and 7.1% for FY27. The nation's banking sector is robust. Opportunities arise for GIFT City and Indian airports. The Reserve Bank of India is likely to maintain its current monetary policy stance. India's resilience is evident amidst regional conflict and global uncertainties.
War revives stagflation dangers for global economy
Global economic outlook faces uncertainty as seven weeks of Middle East conflict impact growth and inflation. Business surveys from Australia to the US will reveal the extent of deterioration, with stagflation risks looming. Policymakers grapple with responses amid persistent global uncertainty, while inflation data and interest rate decisions from various nations are closely watched.
Below-normal monsoon and West Asia conflict cloud India's agriculture outlook: BoB
India's agriculture faces a challenging year. A below-normal monsoon forecast and the West Asian conflict threaten crop production and rural economic growth. The India Meteorological Department predicts rainfall at 92 percent of the Long Period Average, the lowest initial forecast in 25 years. Disruptions in gas supply also affect fertilizer and pesticide availability.
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Aluminium and copper to stay elevated, steel risky: CLSA's top metals and cement calls for FY27
Base metals like aluminium and copper present significant opportunities, according to CLSA India's Indrajit Agarwal. Steel faces near-term downside risks. Aluminium prices are expected to rise due to supply disruptions and increasing demand. Cement sector anticipates earnings pressure now, with recovery expected later in the fiscal year. Indian producers have a cost advantage in non-ferrous metals.
FIIs grow more wary of India as FX curbs hit bonds, earnings risks haunt equities
Foreign investors face higher costs and complexity hedging against rupee swings due to India's forex rules. This, coupled with war-related earnings concerns, is impacting Indian bonds and equities. Overseas investors have sold Indian government debt and shares. Lingering currency stability worries and high oil prices are dampening sentiment.
India's economy slipping to 6th rank, IMF data shows, prospects bright
India has slipped to the sixth largest economy in 2025 in nominal terms, according to the International Monetary Fund, but it remains the fastest-growing major economy. The IMF projects India’s growth at 6.5% in 2026, far ahead of the United Kingdom.
Wipro Q4 net profit dips 1.9% to Rs 3,502 crore, revenue rises 8%
Wipro reported a 1.6% decline in annual revenue in fiscal year 2026 in constant currency terms, in line with its larger rival, Tata Consultancy Services, as geopolitical uncertainties, AI-led disruptions and slow deal ramp-ups weigh on its performance
ET Family Business Awards: Allcargo Group is redefining logistics with digital innovation
Allcargo Group is transforming logistics with digital innovation. The company uses IoT and AI to improve efficiency and customer service. Its online platform, ECU360, offers seamless global access. Allcargo's digital strategy is driving growth and competitiveness. This approach is making the company a future-ready leader in the logistics sector.
West Asia War: India’s BBB rating seen stable despite energy shock; S&P flags corporate stress, weaker credit growth
West Asia War: India's sovereign rating remains stable despite rising energy costs. However, supply disruptions for food and fuel could impact company credit quality. Top companies may see earnings drop, increasing debt ratios. Sectors like refining and airlines are most vulnerable. Banks might see slower credit growth. Government revenue could be affected by fuel price support measures.
Titan’s Zoya sees double-digit growth in bespoke segment
Zoya, the ultra-luxury jewellery arm of Titan Company, is witnessing strong double-digit growth in its bespoke and personalised jewellery segment. The brand reports rising demand from both domestic and international clients, with its customised offerings steadily increasing their share in overall business performance.
Iran war: HUL hikes prices of Dove, Pears, Surf, Red Label
Hindustan Unilever Limited has increased prices for its soap products. This move is a response to escalating costs of raw materials and packaging. The price hikes, ranging from Re 1 to Rs 20, are being passed on to consumers. This development could potentially delay a much-needed revival in consumer demand. FMCG companies were hoping for a boost from GST cuts.
IMF’s Georgieva sees no risk of sharp downturn in India, flags financial sector as key watchpoint
India's economy shines brightly amidst global uncertainty. Growth is projected to be more than double the world's average. This strong performance is driven by stable economic conditions and consistent domestic demand. The International Monetary Fund's Managing Director Kristalina Georgieva highlighted these robust fundamentals. There are no signs of a significant slowdown in India's growth path.
Economic growth will be slower this quarter amid war, US Treasury chief says
US Treasury Secretary Scott Bessent sees a slower economy this quarter amid the Iran war. He believes the economy is fundamentally strong and will recover. Bessent noted oil prices are not currently affecting inflation expectations. The Treasury will monitor retail gasoline sales to ensure fair pricing for consumers.
IMF cuts global growth outlook for 2026, warns of potential recession if Iran war worsens
The International Monetary Fund has cut its global growth outlook, warning the economy could near recession if the Middle East conflict keeps oil above $100. It now sees 3.1% growth in 2026, but this could drop to 2.5% or even 2.0% in a severe scenario, alongside rising inflation, with emerging markets hit hardest while India remains a relative bright spot.
IMF cuts China 2026 economic growth forecast to 4.4%
The IMF on Tuesday lowered its forecast for Chinese economic growth this year to 4.4 percent, despite reduced US tariffs and stimulus measures aimed at mitigating the impact of the Middle East conflict. The Washington-based organisation said "lower US effective tariff rates on Chinese goods, and stimulus measures offset the negative impact of the shock induced by the Middle East conflict" on the world's second-largest economy.
Indian agricultural sector under threat by trifecta of below-Normal Monsoon, El Nino, and West Asia war: ICRA
India's agriculture sector may face a challenging year ahead amid concerns over weak monsoon, possible El Nino conditions, and fertiliser supply risks linked to the West Asia conflict, according to a report by ICRA.
IMF raises India FY27 GDP growth forecast to 6.5% even as the world stumbles through conflict
The International Monetary Fund (IMF) has slightly raised India’s growth forecast for FY27 to 6.5%, up 0.1 percentage point from its January estimate, and expects growth to hold steady at the same level in FY28, even as it flags rising geopolitical risks from the war in the Middle East.
Luxury car sales in India set to double by 2030, says BMW
India's luxury car market is set to double its share by 2030. Young, wealthy, and aspirational buyers are fueling this growth. BMW sees strong momentum, expecting the trend to continue. Factors like rising affluence and a generational shift in spending are key drivers. The market is poised for significant expansion, with luxury vehicles becoming more accessible and desirable.
IMF raises India's growth forecast to 6.5% for FY27
The International Monetary Fund has raised India's GDP growth forecast to 6.5 per cent for the current fiscal year. India is set to be the world's fastest-growing economy. Other global institutions also show optimism for India's economic performance. Projections indicate continued strong growth in the coming years.
IMD flags below-normal monsoon for 2026; rainfall seen at 92% of long-term average
India faces a potential challenge in 2026 with forecasts indicating below-average monsoon rainfall. The India Meteorological Department predicts precipitation at 92% of the long-term average. This outlook raises concerns for agriculture, water resources, and rural economies. The southwest monsoon is vital for irrigating half of India's farmland. A deficit season could impact crop yields, affecting food prices and economic growth.
AI models like Anthropic's Mythos pose disruption risks to India's IT services growth: Kotak
AI models such as Anthropic's Mythos could pose disruption risks to the growth of India's IT services sector, according to a report by Kotak Institutional Equities. The report said the model "exhibits a step-jump in benchmark performance across software engineering tasks," and added that it "raises near- to medium-term disruption risks for IT services," particularly for companies with higher exposure to application services.
ADB raises India’s FY27 growth forecast to 6.9%
India's economic growth forecast for FY27 has been raised to 6.9 percent by the Asian Development Bank. This upward revision is driven by increasing consumption, higher investment, supportive government policies, and recent trade pacts. While FY26 is projected at 7.6 percent, FY27 anticipates a moderation due to global uncertainties. The outlook for FY28 is a robust 7.
ADB ups India's FY26 growth projection to 6.9% on strong domestic demand, lower US tariffs
The Asian Development Bank has raised India's economic growth projection to 6.9% for FY26, citing strong domestic demand and reduced US tariffs. Growth is expected to accelerate to 7.3% in FY27, fueled by reforms and trade agreements. Inflation is projected to rise to 4.5% in FY26 before easing to 4.0% in FY27.
India has ample buffers to weather headwinds from Middle East conflict: World Bank
The World Bank stated India is well-positioned to handle the global energy shock due to strong buffers like high foreign exchange reserves and fiscal space. Despite global headwinds and trade turbulence, India's economy entered the current Middle East crisis from a position of strength, supported by robust domestic demand and export resilience.
World Bank raises India’s FY27 growth forecast to 6.6%
India's economic growth forecast for FY27 is now 6.6 percent. This is an upgrade from previous projections. Strong domestic demand and exports are driving this positive outlook. However, global challenges may moderate growth. The Reserve Bank of India has a slightly higher forecast. Policy reforms are key for sustained growth and job creation.
RBI Inflation 2026–27: Sanjay Malhotra & Co peg FY27 inflation projection at 4.6% as war risks cloud outlook
The Reserve Bank of India's Monetary Policy Committee has revised its inflation forecast for fiscal year 2027, maintaining the benchmark repo rate at 5.25 percent. This strategic choice reflects the central bank's aim to stabilise a declining rupee while promoting robust economic growth, with last year's real GDP growth recorded at an impressive 7.6 percent.
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