RBI may hike rates twice in FY27 amid inflation and El Nino risks: HSBC
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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
HSBC also lowered India’s FY27 GDP growth forecast to 6%, warning that higher food prices, industrial cost pressures and climate-related disruptions could create a difficult policy environment for the RBI
Key Facts
Type Policy
Source BusinessLine - Economy
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
Net-zero target: 2070
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right
Amendment History
1 change recorded for this policy.
Description Monday, 11 May 2026 via business_line
HSBC also lowered India’s FY27 GDP growth forecast to 6%, warning that higher food prices, industrial cost pressures and climate-related disruptions could create a difficult policy environment for the RBI