ndia’s economic growth rate could get back to the 7%- plus range in FY27 if the West Asia peace endures and crude oil prices maintain the downward trajectory, Nagesh Kumar, external member of the RBI’s Monetary Policy Committee, has said, citing an improved macroeconomic outlook since the panel’s meeting on June 3-5. Kumar said the outlook for the Indian economy has brightened following the easing of geopolitical tensions in West Asia and the subsequent decline in crude oil prices from around $110 a barrel to below $80.