CareEdge Forecasts 7.3% Q1 Growth, Raises FY27 Projection to 7%

India is expected to release its economic growth number for April through June on August 31.

CareEdge Ratings thinks the economy grew about 7.3% during that period.

This would be slightly slower than the previous quarter, when growth was reported at 7.8%.

Factories, construction, utilities and financial services helped support the economy.

Farming and some service industries were weaker because of weather problems, supply disruptions and slower government spending.

Tax collections after subsidies were lower, partly because some taxes were reduced.

Higher oil prices and global conflicts could make growth harder to maintain.

CareEdge expects growth to slow later in the year before improving in the final quarter.

Overall, the agency raised its full-year forecast because several economic indicators performed better than expected.