GDP Growth

RBI maintains repo rate at 5.25 per cent, warns of downside risks to growth amid global uncertainty and inflation pressures from energy prices

World Bank upgrades India's FY27 growth outlook to 6.6% on strong domestic demand, but flags inflation risks and slowdown due to West Asia conflict

On the growth side, the RBI has maintained a positive outlook, projecting gross domestic product (GDP) growth at 6.9 per cent for FY27

Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6 per cent from 6.8 per cent earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imported fertilisers. The region accounts for around 55 per cent of crude oil imports and over 90 per cent of liquified petroleum gas (LPG) supplies to India. "While inflation remains contained for now, geopolitical risks have tilted the inflation outlook to the upside," Moody's said while projecting inflation to average 4.8 per cent in FY27, up from 2.4 per cent in FY26. With inflation risks re-emerging and growth remaining robust, policy rates are likely to be held steady or raised gradually in fiscal .

As Bangladesh marks its 56th Independence Day, slowing growth, rising inflation and a widening trade deficit underscore mounting economic challenges

S&P Global Ratings on Wednesday raised India's GDP growth forecast for the next fiscal to 7.1 per cent, with private consumption, investment and exports being key drivers, but said that the conflict in the Middle East could strain the fiscal position due to higher energy prices arising from the conflict. In its latest quarterly Asia-Pacific economic commentary, S&P Global Ratings said risks from renewed geopolitical tensions and persistent trade-related uncertainties could affect India through fluctuations in commodity prices, trade volumes, and capital flows. It expects fuel prices in India to rise if oil prices remain elevated, to contain subsidy costs, but does not foresee a full pass-through. "We project real GDP growth to moderate to 7.1 per cent in the fiscal year ending in March 2027, compared with 7.6 per cent in fiscal 2026. Key drivers are resilient private consumption, a modest recovery in private investment, and solid exports," it said. The 2025-26 growth has been .

The fresh cut in growth estimate by Goldman's analysts follows a change in their assumptions on oil prices and the period of disruption to supplies

Growth across sectors remains balanced, with services projected to grow at 8.6 per cent, the primary sector at 8.4 per cent, and the secondary sector at 7.7 per cent

India is set to release a new GDP series with 2022–23 as the base year. But what exactly is GDP, how is it calculated, and why do revisions matter?

India’s economy expanded 7.8% in the October–December quarter of FY26, according to newly released national accounts data based on a revised GDP series with 2022–23 as the base year.

Rising crude prices and trade disruptions from the West Asia war are prompting economists to trim India's growth forecasts, threatening the economy's recent "sweet spot"

Fitch Ratings on Friday raised India's GDP growth forecast for current fiscal and the next to 7.5 per cent and 6.7 per cent, and projected global crude oil price to average USD 70/barrel in 2026. Fitch had, in December, projected India's GDP growth for current fiscal at 7.4 per cent and 6.4 per cent for 2026-27. Fitch expects growth to slow in first half of FY27, with rising inflation constraining real incomes and limiting consumer spending growth. GDP growth slowed in the December quarter to 7.8 per cent YoY from 8.4 per cent in September quarter. "We estimate that for 2025-26 financial year (starting April 2025), growth will be 7.5 per cent, a marginal upward revision from December. Domestic demand is the biggest growth driver this year, with consumer spending and investment rising by (an estimated) 8.6 per cent and 6.9 per cent in the current fiscal year," Fitch said. In its Global Economic Outlook- March 2026, Fitch projected world GDP growth at 2.6 per cent in 2026 on the ...

Strong economic growth is keeping Indian growth stocks ahead of value picks, though rising geopolitical tensions in West Asia and continued foreign fund outflows are increasing global risk aversion

A prolonged West Asia conflict could strain India's fiscal position through higher fertiliser subsidies, rising import costs and weaker revenue growth

An e-way bill is an electronically generated document mandated under the GST regime for the movement of goods valued at more than Rs 50,000

The fiscal deficit as a percentage of GDP for three financial years till 2024-25 has been revised upwards following the revision in base year for calculation of GDP, the government informed Parliament on Tuesday. As per the new GDP Series published on February 27, the fiscal deficit as a percentage of GDP works out to be 4.9 per cent for 2024-25, 5.7 per cent for 2023-24, and 6.7 per cent for 2022-23, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha. The fiscal deficit was earlier estimated at 4.8 per cent for FY'25, 5.63 per cent for FY'24 and 6.4 per cent for FY'23. In absolute term, fiscal deficit stood at Rs 15.74 lakh crore in FY'25, Rs 16.55 lakh crore in FY'24 and Rs 17.38 lakh crore in FY'23. On February 27, 2026, the government released the new series of Gross Domestic Product (GDP) estimates with 2022-23 as the base year, replacing the previous series with a base year of 201112. With the new 2022-23 base, the Nominal GDP or GDP at

Some ministries are over 45% short of revised estimates

Economists expect India's FY27 growth to exceed 7 per cent under the new GDP series, supported by capex push and consumption, though trade tensions and El Nino risks loom

Economy expands 7.8% in Q3; manufacturing shines bright

The GDP revision improves measurement, says former chief statistician Pronab Sen, but raises questions on double deflation, consumption surge and fiscal maths