India likely to grow around 7% this year despite oil, rainfall concerns: Nilesh Shah
BusinessLine 1 hr ago·3 Oct 2026, 11:53 am
Nilesh Shah, a prominent market expert, projects India’s economy to grow by approximately 7% this year. He attributes this resilience to strong momentum in the second quarter, despite headwinds from rising oil prices and unpredictable rainfall patterns.
For investors, this outlook suggests that domestic growth drivers remain robust. However, the expert notes that higher oil prices could increase inflation, potentially leading to higher interest rates and pressure on the rupee. These factors may eventually impact corporate earnings.
Investors should monitor upcoming data on inflation and rainfall, as these will be key in determining the central bank's policy stance and the overall market sentiment in the coming months.
Excerpt from BusinessLine
India is likely to register around 7 per cent economic growth this year, with the momentum in the second quarter looking good despite concerns over higher oil prices and deficient rainfall, Nilesh Shah, Member of the Prime Minister’s Economic Advisory Council, said on Saturday. Speaking to ANI on the sidelines of the…Read the original at BusinessLine
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