HSBC's Bhandari expects two RBI rate hikes as India heads into a tricky FY27

India's economy might slow down in FY27, with growth expected around 6%. Inflation could stay high, possibly hitting over 6% from September. HSBC's Pranjul Bhandari said, "We are going to be running a very big external BOP deficit." She expects the RBI to hike rates twice, balancing growth and inflation concerns.