India's GDP growth projection for financial year 2026-27 has been revised downward from 7 per cent to 7.7 per cent, as per India outlook report by BMI, a Fitch Solutions unit. GDP growth in the previous financial year was also downwardly revised from the earlier estimate of 7.8 per cent to 7.6 per cent, amid slowing economic momentum and the ongoing conflict between Israel and Iran. The report flags economic momentum from the previous fiscal year, evidenced by the downturn in activity during Q1 2026 as a reason behind the cautious outlook.