Inflation in India seen at 5% in FY27, 50-75 bps rate hikes likely as food and fuel risks build: Report

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Inflation in India is projected to rise to 5% in fiscal year 2027, driven by risks in food and fuel prices amid the West Asia conflict, with expected interest rate hikes of 50-75 basis points according to an ICICI Bank report.

New Delhi: Inflation in Indiais headed higher to 5.0 per cent in FY27 with core at 4.6 per cent, ICICI Bank Global Markets said, as West Asia conflict and a...