Economic package needed for BoP stability: SBI

According to the latest SBI research report, India’s GDP is expected to grow at 6.6% in the financial year 2026–27. However, the report highlights concerns over economic stability due to the weakening rupee and rising global crude oil prices.

The Indian rupee has recently fallen below the 95 mark against the US dollar. At the same time, Brent crude oil prices have crossed $100 per barrel, significantly increasing transportation and insurance costs, the report noted.

In this scenario, SBI has suggested the need for a financial package to manage the Balance of Payments (BoP) and Current Account Deficit (CAD), as external pressures continue to mount on the economy.