India’s economy is projected to grow at 6.6 per cent in the 2026-27 fiscal while a comprehensive package is required on the Balance of Payments (BoP) front amid rupee depreciation and higher oil price, an SBI Research report said on Monday.
The report said the rupee, which has weakened much in the recent period “through clouds on external macros, as also unabated speculative forces,” needs structural changes on the BoP front, streamlining the guard rails of import substitution, export competitiveness and integration in the global value chain.