India GDP Growth

The Indian economy is expected to record around 7 per cent growth in the current fiscal, slightly higher than 6.6 per cent projected by the IMF in October, said Gita Gopinath, former chief economist of the Washington-based International Monetary Fund. Speaking at Times Network's India Economic Conclave 2025, Gopinath said that the IMF made its projection for India's growth before the National Statistical Office (NSO) came out with its July-September quarter growth rate of 8.2 per cent. "I would say that the IMF number (India's growth projection) was 6.6 per cent that came out in October. But their forecast for the second quarter of the current fiscal, in terms of what the growth would be, was much lower than what it turned out to be at over 8 per cent. "Just doing math, I would expect that India's GDP growth would go up close to 7 per cent," she said. Earlier this month, the Reserve Bank of India raised the GDP growth projection to 7.3 per cent for the current fiscal from its earli

Chief Economic Adviser Anantha Nageswaran upgraded his forecast late last month to at least 7 per cent after data showed an expansion of more than 8 per cent in the three months through September

Besides cutting interest rates by 25 bps, the RBI also revised its GDP growth forecast for fiscal 2025-26 (FY26) upward to 7.3 per cent from the current estimate of 6.8 per cent

India's march toward a $6.6-trillion economy is being powered by booming AIF activity, with commitments touching ₹13.49 lakh crore and domestic investors emerging as major contributors

Interestingly, the US Federal Reserve's December 2025 meeting is a few days after the MPC's last scheduled review for 2025, in which it may cut rates further.

At the bourses, meanwhile, Nifty India Manufacturing index, which has outperformed the market by surging 26 per cent in the past nine months

Today's Best of BS Opinion looks at India's real GDP growth contrasts with weak nominal growth, persistent air pollution, confusion over AI , and uncertain labour-code implementation and more

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 .

Earlier on Friday, as per the NSO data, India's real GDP was estimated to have grown by 8.2 per cent in the July-September quarter of the current financial year 2025-26

The GDP estimates by National Statistical Office for the second quarter have however surpassed even the most upbeat estimates on the street by miles

FY26 estimates to be revised upwards after faster-than-expected expansion

Chief Economic Adviser V Anantha Nageswaran said India's growth outlook remains strong, with Q2 momentum boosting expectations that GDP will exceed 7 per cent and cross $4 trillion this fiscal year

Stock Market Close on Friday, November 28, 2025: In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 ended lower by 0.11 per cent and 0.27 per cent, respectively.

Moody's Ratings on Friday said with a 7 per cent GDP expansion in 2025 and 6.4 per cent in the next year, India will lead growth among emerging markets and across the Asia Pacific region. Moody's also said that India's domestic growth drivers underpin its economic resilience amid global uncertainty. Although the Indian rupee has continued to weaken against the dollar, most rated companies have active currency risk management or strong financial buffers, while investment-grade entities have demonstrated access to international capital markets. "India will lead growth among emerging markets and across the region, with GDP growing 7 per cent in 2025 and 6.4 per cent in 2026," Moody's Ratings said. Its projected average GDP growth in APAC (Asia-Pacific) will remain steady at 3.4 per cent in 2026 compared with 3.3 per cent in 2024 and expected growth of 3.6 per cent in 2025. On a weighted average basis, emerging markets will drive GDP growth in the region, with average growth of 5.6 p

Gross domestic product is expected to have grown 7.3 per cent in July-September from a year earlier, down from 7.8 per cent in the prior quarter

Lower deflators are expected to lift real growth again, offsetting weak corporate numbers and muted nominal expansion

S&P Global Ratings on Monday projected India's economy to grow 6.5 per cent in the current fiscal year and 6.7 per cent in the next, saying tax cuts and monetary policy easing will give a boost to consumption-driven growth. 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 current fiscal year. The official data for Q2 (July-September) GDP growth estimates is scheduled to be released on November 28. "We anticipate that India's GDP will grow by 6.5 per cent in fiscal year 2026 (ending March 2026) and 6.7 per cent in fiscal 2027, with risks evenly balanced. Domestic growth remains robust, driven by strong consumption, despite the impact of US tariffs," S&P said in its Economic Outlook Asia-Pacific report. The RBI has projected India's GDP growth in the current fiscal year at 6.8 per cent, better than 6.5 per cent expansion in last fiscal year. S&P further said if India can ..

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

The biggest risk to the bottoming out of the rupee, Wood believes, is the continuing resort to handouts in state election politics which have been a feature for the past two years

Economists see growth above 7% in July-September, backed by consumption revival, robust capex, and steady industrial output; RBI had earlier pegged Q2 GDP at 7%