Finance ministry raises FY27 growth forecast to 7.3%, flags oil risk

The finance ministry has raised India's GDP growth estimate for 2026-27 to 7.3% and nudged its July-September quarter projection to 7.35%, according to its October Monthly Economic Review. It credited strong domestic demand, investment and a resilient financial sector, but warned that high crude oil prices, food inflation and an uncertain kharif outlook pose considerable risks.