Stable global crude prices, GST rate cuts to check inflation in FY27

Though average inflation will rise in FY27, the upside will be limited by stable global crude prices, positive impact from GST rate cuts and muted price pressures from excess capacity in China, a report said on Saturday.

- AGENCIES

"We maintain our full-year growth forecast at 7.5 per cent for FY26. Growth momentum in the year so far has been buoyed by income tax reductions, GST rate rationalisation and lower interest rates," said the report from ratings agency Care Edge Ratings. Even with global uncertainties lingering, we expect GDP growth at 7 per cent in FY27, it said, adding the Reserve Bank of India’s unanimous 25-basis-poin