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Standard Chartered lifts India’s FY27 growth outlook to 7.2%

The bank expects Q2-FY27 GDP growth at 7.4%, citing strong high-frequency indicators after a robust Q1 print.

Reported · Written up by our desk · Economy

FXStreet reports that Standard Chartered strategists Anubhuti Sahay and Saurav Anand revised their India FY27 GDP growth forecast upward to 7.2% from 6.6%, following a robust Q1-FY27 result and strong high-frequency indicators.

The firm expects momentum to remain firm into the festival season, with Q2-FY27 GDP growth projected at 7.4% and H2-FY27 at 6.7%, even as it flags headwinds from El Niño, higher inflation, and fading GST tailwinds.

Standard Chartered said it still expects growth to slow in H2-FY27, pointing to the adverse impact of El Niño on agricultural output and rural demand, higher inflation, and the pullback from GST cuts delivered from September 2025.

FXStreet also noted broader market context as investors weigh macro developments, including moves in FX pairs and a decline in gold tied to a stronger US dollar and higher US Treasury yields.

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