{"id":587549,"date":"2026-09-02T03:50:14","date_gmt":"2026-09-02T03:50:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/587549\/"},"modified":"2026-09-02T03:50:14","modified_gmt":"2026-09-02T03:50:14","slug":"india-growth-and-inflation-forecasts-revised-higher-uob","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/587549\/","title":{"rendered":"India: Growth and inflation forecasts revised higher \u2013 UOB"},"content":{"rendered":"<p>UOB&#8217;s Jester Koh note they raise their FY27 Gross Domestic Product (GDP) forecast for India to 7.2% from 6.8% after a stronger-than-expected 1QFY27 expansion of 7.8% year-on-year. They also lift their FY27 headline inflation forecast to 5.2% from 5.0%, citing robust food price momentum, higher costs in services and energy, partly cushioned by subsidies and ample public foodgrain stocks.<\/p>\n<p>Growth upgrade with stronger prices<\/p>\n<p>&#8220;We raise our FY27 <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">GDP<\/a> forecast to 7.2% (from 6.8% prev.) following the strong 1QFY27 outturn (7.8% y\/y; Bloomberg: 7.3%, 4Q: 8.6%).&#8221;<\/p>\n<p>&#8220;We raise our FY27 headline inflation forecast to 5.2% (from 5.0%).&#8221;<\/p>\n<p>&#8220;In our baseline projections, we pencil in several months of stronger m\/m increases reflecting the impact of adverse weather-related events on food supply, although this would be partly mitigated by comfortable levels of public foodgrain stocks.&#8221;<\/p>\n<p>&#8220;India&#8217;s real interest rate would turn negative without further rate hikes, with inflation projected to exceed 6% y\/y as early as Nov 2026.&#8221;<\/p>\n<p>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. <a href=\"https:\/\/www.fxstreet.com\/info\/how-fxstreet-uses-ai?utm_medium=internal&amp;utm_source=ai-disclaimer\" rel=\"nofollow noopener\" target=\"_blank\">Know more.<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"UOB&#8217;s Jester Koh note they raise their FY27 Gross Domestic Product (GDP) forecast for India to 7.2% from&hellip;\n","protected":false},"author":2,"featured_media":587550,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-587549","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/587549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=587549"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/587549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/587550"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=587549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=587549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=587549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}