India GDP Growth

For India, BofA Securities has raised the 2026 GDP (gross domestic product) forecast to 7 per cent from the 6.2 per cent forecasted in April. For 2027, it now pegs the GDP growth at 7 per cent.

India's economy is expected to grow at 6.6-6.8 per cent in the current fiscal, and a gradual normalisation of global energy markets is expected to ease supply-side pressures, improve cost conditions, and support growth and inflation outcomes during FY27, EY Economy Watch said on Friday. Considering the recent geopolitical developments, if global crude prices settle at relatively lower levels and shipments through the Strait of Hormuz normalise, the positive momentum of India's growth prospects is likely to be restored, the report said. "We expect, in FY27, real GDP growth at 6.6-6.8 per cent, CPI inflation at 4.5 per cent, nominal GDP growth at 12.5 per cent, Government of India fiscal deficit at 4.4 per cent and current account deficit at 1.5 per cent of GDP," EY Economy Watch said. It said India continues to demonstrate strong economic resilience despite external uncertainties, underpinned by robust domestic economic fundamentals and sustained private sector activity. A gradual .

The brokerage raised India's GDP forecast, while cutting its inflation estimate to 4.4% and current account deficit forecast to 1.1% of GDP, on falling crude oil prices after the US-Iran peace deal

S&P Global Ratings on Wednesday said energy stress, sub-par monsoon and slowing global growth will pull down India's GDP growth to 6.6 per cent in the current fiscal. The Indian economy recorded 7.7 per cent growth in the 2025-26 fiscal and 7.1 per cent in 2024-25. "We project real GDP growth will slow to 6.6 per cent in the fiscal year ending in March 2027, compared with 7.7 per cent in fiscal 2026, amid the energy stress, expectations of a sub-par monsoon, and slowing global growth," S&P said in its report. S&P's FY27 growth projection is in line with the RBI estimate of 6.6 per cent. The impact of El Nino has weakened monsoon rains, with the rainfall deficit widening to 43 per cent by June 22. To deal with deficient monsoon, the government has drawn up state-wise contingency plans recommending alternative crops suited to deficient rainfall conditions. India imports 88 per cent of its crude oil needs, and a rise in global prices increases its import bill and stokes ...

The multilateral lender cited resilient domestic demand and stronger export prospects, while warning that higher energy prices could strain government finances

India's GDP is likely to grow at 6.6 per cent in the current fiscal as compared to 7.7 per cent in FY26, on weaker investments and consumption growth and trade shocks from the West Asia crisis, BMI, a Fitch group company, said. According to government data released last week, GDP growth in FY26 accelerated to 7.7 per cent from 7.1 per cent in FY25, supported by healthy consumption and robust investment activity. BMI expects the rupee to trade in the range of 95.1 against the US dollar this calender year. It said the rupee's depreciation from its 87 average level in 2025 will support export competitiveness, offsetting the drag on GDP from the Iran conflict's terms-of-trade shock. The GST reforms implemented in September 2025 caused a consumption boom in December quarter FY26. Thereafter, consumption growth fell by 1.1 percentage points to 7.1 per cent y-o-y in March quarter FY26. "Looking ahead, we continue to expect 6.6 per cent GDP growth in FY2026/27. Our projection represents a

The Indian economy is facing headwinds from external sectors with rising fuel and fertiliser import bills due to West Asia crisis, but GDP growth momentum remains intact with domestic consumption holding up, government sources said on Tuesday. Sources said the FY27 Budget had taken into cognisance the uncertainties in the global economy around tariffs, and the government do not immediately need to account for additional borrowing or bring in supplementary demands for grants in the upcoming monsoon session of Parliament. On the fiscal deficit front, sources said the budgeted target of 4.3 per cent of GDP is still intact, and the government is actively tapping its non-tax revenue areas like disinvestment and asset monetisation in the current fiscal. "DIPAM and DPE have a year-long pipeline and also a medium-term outlook of disinvestment and asset monetisation. I would hope the budgeted Rs 80,000 crore under this head exceeds BE and both the departments are working on it," a source sai

Fitch Ratings on Tuesday lowered its GDP growth projections for the current fiscal to 6.4 per cent from the earlier estimate of 6.7 per cent, saying that the US-Iran war will slow down the economy in the September and December quarters. Fitch said it expects a slowdown in economic growth in FY27 from the 7.4 per cent clocked in FY26 as rising prices erode real incomes and dampen consumer spending, amid a resilient capital expenditure. "We expect GDP growth to ease to 6.4 per cent in FY27, a downward revision of 0.3pp from March. Domestic demand will be the main driver of growth, but lower imports in real terms imply positive contributions to growth from net external demand," Fitch Ratings said in its June Global Economic Outlook. Last week, the RBI had cut its growth forecast for the current fiscal to 6.6 per cent and upped its inflation projection to 5.1 per cent. The rating agency said the slowdown in the economy will be most apparent in the second and third quarter of FY27, as

India's GDP growth is expected to slow to 6.5% in FY27 as oil prices, geopolitical tensions and weak monsoon prospects weigh on economic activity

Full-year GDP growth pegged at 7.7%

RBI has unveiled a five-pronged plan to attract foreign capital, boost dollar inflows, ease banking liquidity pressures and support the rupee

West Asia crisis may weigh on FY27 outlook, says Nageswaran

India's GDP rose to ₹346.36 trillion in FY26, but rupee depreciation against the US dollar kept the country behind the UK and Japan in global economic rankings

Investment demand strengthened in FY26 as capital formation accelerated, while consumption remained resilient and government spending growth moderated

A hike in the base rate, along with the tax concessions, would have been a workable proposition given the need to shore up the forex inflows, said Joseph Thomas, head of research, Emkay Wealth

RBI MPC June: The policy committee kept the repo rate unchanged at 5.25 per cent, and the committee maintained its 'neutral' stance

Emkay Global has raised FY27 Brent crude oil price forecast to $90 per barrel citing West Asia tensions and inventory depletion. It has cut India's GDP growth outlook to 6.3 per cent

A World Inequality Lab study suggests India could surpass China in share of global GDP in PPP terms by around 2060 under a convergence scenario

The OECD has raised India's FY27 growth forecast to 6.3 per cent but cautioned that higher energy prices, inflationary pressures and supply disruptions could weigh on the economy

Today's Opinion highlights the RBI's policy choices, soaring IPL franchise valuations, fiscal challenges, climate targets and a timely examination of contemporary China