GDP Growth: Crude oil shook India’s GDP, pace will be slower than last year

GDP Growth: India has seen a lot in the beginning of this year itself. First the war between Iran and US, due to this war rising inflation in the country. Due to which people are facing many problems. Due to this war, it seems that India’s GDP growth this year is also going to be slow. We are not saying this, but a recent survey report by Reuters says this.

GDP growth in 2026-27 will be slow
In fact, recently a survey report by Reuters has come out, according to this report, India’s GDP growth in the financial year 2026-27 may be much slower than last year. Economists have estimated that GDP will be 6.6 percent, whereas in the last financial year it was 7.7 percent. It is expected to improve slightly to 6.8% in the next financial year (2027-28).

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Why will GDP growth slow?
This survey was recently conducted between July 21 and 27, in which about 42 economists participated. He says that the slow pace of private investment and increased crude oil prices due to Iran war are putting pressure on India’s economy. Government expenditure still plays a big role in increasing economic activities in the country. Many economists also say that official GDP figures can show a better picture than the actual condition of the economy.

Private investment increased
Private investment increased by 10.8 percent in the January-March quarter, but companies are still avoiding making big investments. The reason for this is uncertainty about future demand. This may also affect the pace of creation of new jobs. Meanwhile, global crude oil prices have increased due to tensions between America, Israel and Iran. India imports about 90 percent of its crude oil needs, so expensive oil can affect both inflation and economic growth.

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