HSBC slashes FY27 GDP estimate sharply to 6%, expects two RBI rate hikes
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Summary
Twin shocks of energy crisis and deficient rainfall will lead to this, HSBC said
Key Facts
Type Policy
Source The Hindu - Business
Published Monday, 11 May 2026
Affected Population 1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Rs 15,000 crore for Digital India initiatives
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right