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GDP Forecast
India Ratings & Research (Ind-Ra) on Tuesday projected Indian economy to grow at 6.9 per cent in the 2026-27 fiscal year beginning April 1 saying key reforms like GST and income tax cuts, and trade pacts will act as economic catalyst and shield economy from global turbulence. The economy will continue to be in 'Goldilocks' situation of high growth and retail inflation averaging 3.8 per cent in the next fiscal as well, and Indo-US trade deal with reduced tariffs will add to the GDP growth numbers, said Ind-Ra, Chief Economist, Devendra Kumar Pant. For the current fiscal, Ind-Ra projected real GDP growth at 7.4 per cent, while nominal GDP expansion at 9 per cent. Ind-Ra expects the Indian Rupee to average 92.26 to a dollar in FY27, higher than 88.64 to a dollar in the current fiscal. The Union government's debt as a percentage of GDP is projected to come down to 55.5 per cent in FY27, from an estimated 56.3 per cent in the current fiscal. The government estimates to bring down debt
Crisil has raised its forecast for the country's GDP growth to 7 per cent from 6.5 per cent for the current financial year, following the first-half growth of 8 per cent that exceeded expectations. Chief economist of Crisil, Dharmakriti Joshi, said that India's real GDP growth stood at 8.2 per cent in the second quarter, exceeding expectations. However, due to easing inflation, the nominal GDP growth was modest at 8.7 per cent. The first half growth of eight per cent and an expected slowdown to 6.1 per cent in the second half owing to the impact of higher US tariffs, Joshi said. According to Crisil, private consumption was the main driver of higher real GDP growth. From the supply side, growth in manufacturing and services saw a significant rise. Joshi said lower food inflation stoked discretionary spending in the country. Joshi said that the third quarter is expected to continue benefiting from these tailwinds. While government investment will stabilise likely, there could be a .
Rating agency ICRA on Tuesday projected GDP growth to moderate in July-September period of FY26 to 7 per cent, from 7.8 per cent in the previous quarter, amid lower government spending. ICRA said while the services and agriculture sectors would lose some momentum in the second quarter, industrial performance would be strong propelled by manufacturing, construction and favourable base effects. This is expected to underpin the quarter's economic activity. The rating agency in a statement said it expects GDP growth to ease to 7 per cent year-on-year in Q2 (July-September) from 7.8 per cent in Q1 (April-June) FY2025-26. Indian economy had expanded 5.6 per cent in the Q2 (July-September) of 2024-25 fiscal. The National Statistics Office (NSO) is slated to release the official data on FY26 Q2 GDP growth estimates on November 28. ICRA chief economist Aditi Nayar said a lower YoY rise in government spending is likely to weigh on the pace of the GDP and GVA growth in Q2 FY2026 compared to
India Ratings & Research (Ind-Ra) on Wednesday projected India's GDP to grow at 7.2 per cent in the second quarter of the current fiscal, with private consumption being the leading growth driver. The Indian economy had expanded 5.6 per cent in the Q2 (July-September) of 2024-25 fiscal. India's real Gross Domestic Product (GDP) is estimated to have grown at the fastest pace in five quarters at 7.8 per cent in the April to June period of the current fiscal. The National Statistics Office (NSO) is slated to release the official data on FY26 Q2 GDP growth estimates on November 28. In a statement, Ind-Ra said it expects GDP growth to remain robust at 7.2 per cent year-on-year in the second quarter of FY26. "From the demand side, private consumption is a leading growth driver due to steady real income growth both in upper- and lower-income households. The resilient services sector along with the favourable base-led goods exports growth in the manufacturing sector propelled GDP growth .