Iran war, fading tax boost may slow India’s growth to 6.7% in FY27: BMI

India's economic growth is set to slow in the upcoming fiscal year. This slowdown is attributed to the diminishing impact of recent tax cuts and escalating crude oil prices. These factors will affect consumption, investment, and inflation. The economy faces pressure from weakening momentum and an oil shock linked to the Iran conflict. A weaker monsoon also poses a risk.