India's economic growth will likely moderate in the second half of FY27 due to a high base effect; however, growth may strengthen to around 7.2 per cent in FY28, says ICICI Bank. The Monetary Policy Committee (MPC) unanimously kept the repo rate unchanged at 5.25 per cent, retaining its neutral policy stance, which is in line with market expectations. Further, as the central bank's growth and inflation projections saw only marginal revisions of 0.1 percentage point, the private lender noted forecasts for the second half of FY27 remain broadly unchanged.