ICICI Bank has revised India's projected GDP growth for the 2027 fiscal year to a range of 6.8-6.9 per cent from a previous estimate of 7.2 per cent. This adjustment follows significant disruptions in energy supply and manufacturing momentum triggered by the ongoing conflict. According to a report by the bank, the economic outlook has shifted as global oil prices and supply chain blockades begin to weigh on domestic production. The revised forecast of 6.8-6.9 per cent relies on the assumption that oil prices eventually settle around USD 85 per barrel as supply lines improve.