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• Indian economy booms even in global tension
• Government’s ‘master plan’ to curb inflation
• Inflation will be kept under control

Economy India GDP : Currently, the entire world is in crisis due to the US-Iran war. Due to shortage of gas and oil, the growth rate of many countries is likely to slow down and inflation continues to rise. However, despite these challenges, the Indian economy seems poised to maintain its strength. Despite global uncertainties, India’s gross domestic product (GDP) growth rate is estimated at 6.7 per cent in the financial year 2026-27, according to CareEdge Ratings’ latest report released on Monday.

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What’s in the report?

According to the report, India’s economic base is strong enough to withstand external shocks. The impact of the West Asian conflict on India is being felt primarily in the form of rising crude oil prices, the report said. Which affects inflation, fiscal balance and foreign exchange accounts. Based on baseline estimates, assuming an average crude oil price of around $90 per barrel, the growth rate could be slightly lower than the earlier estimate of 7.2 percent.

Inflation will be kept under control

The report said that inflation is expected to remain under control in the current financial year, with retail inflation expected to remain between 4.5% and 4.7%. According to the report, CareEdge predicts that the government will limit the impact of rising global oil prices on domestic consumers. But a sustained rise in crude oil prices may add to inflationary pressures over time.

The financial burden on the government will increase

On the fiscal front, a possible cut in excise duty on petroleum products, increased subsidy requirements and a slight reduction in tax revenue are likely to increase the fiscal burden on the government. This effect is estimated to be about 0.5 percent of GDP of gross domestic product, which is manageable in the broader context of India’s public finances.

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