Indian Economy

India's GDP growth for FY27 is seen at 7-7.4% under the new series, with risks tilted upward, as strong momentum, reforms and trade deals lift the outlook

One way to look at the new series is as a shift from a grainy image to a higher-resolution one. The scene itself does not suddenly change, but the blur is reduced

Earlier this month, the government revised its inflation series to better capture shifting spending patterns in the world's fastest-growing major economy

What is GDP, how is it calculated, and why do estimates matter? A simple guide to GDP, GSDP, nominal vs real growth and India's new base year

Under 2004-05 series, India recorded 3 straight yrs of 9%-plus growth

India's GDP could grow between 6.8-7.2 per cent in the next fiscal, EY Economy Watch report said on Thursday. It suggested that to attain the Viksit Bharat goal by 2047, India may have to increase its tax-GDP ratio largely by improvement of tax compliance as major tax reforms have already taken place. "In the background of India's extensive bilateral trade agreements with other major economies or economic groups, India's medium-term prospects have brightened up. We estimate India's real GDP growth to be in the range of 6.8-7.2 per cent in FY27," EY India Chief Policy Advisor D K Srivastava said. The EY Economy Watch report said that major tax reforms were undertaken in the current fiscal, in particular relating to personal income tax (PIT) and the GST. Both these reforms involved a considerable amount of revenue forgone aimed at increasing household disposable incomes so that private consumption demand could be supported. "These tax reforms involved considerable sacrifice of GoI's

More than three weeks after the 16th FC's recommendations became public, the southern states are no longer complaining about an unfair deal in the way central taxes are distributed among them

MSMEs accounted for 48.58 per cent of India's merchandise exports in FY25

India's revised GDP series will introduce major changes in inflation adjustment for consumption, investment and trade, shifting toward granular deflators and global SNA standards to reduce volatility

Companies recruit additional staff and scale up output as sales improve

The past months have witnessed trade deals with economic giants augmenting investor-friendly confidence in India's global trade agenda

Spending on health and education as percentage of GDP is modest and below policy targets

Former chief statistician says the revised cpi was overdue, supports excluding free pds items and sees little immediate impact on rbi policy decisions

Shift to CPI 2024 base sharply lowers headline index levels in back series, but inflation rate remains identical across rural and urban segments

India seeks to convene, align and anchor a shifting global order by building platforms where governments, capital and enterprise forge the partnerships shaping future prosperity

The US has revised its interim trade deal fact sheet with India, removing pulses from tariff talks and softening language on India's $500 billion purchase plans, even as negotiations continue

Private investment has been constrained by several factors over the years

Moody's Ratings on Monday projected India's GDP to grow at 6.4 per cent in the next fiscal, the fastest pace among G-20 economies, driven by strong domestic consumption, policy measures, and a stable banking system. In its banking system outlook report, Moody's said their asset quality will remain resilient, with some stress among micro, small and medium enterprises (MSMEs). Regardless, banks have sufficient reserves to absorb loan losses, it said. The operating environment for banks will remain strong in 2026, supported by robust macroeconomic conditions and structural reforms, it said. "We forecast India's real GDP will grow 6.4 per cent for fiscal 2026-27, the fastest pace among G-20 economies, driven by strong domestic consumption and policy measures. "The rationalization of the goods and services tax (GST) in September 2025 and an earlier increase in personal income tax thresholds will help improve affordability for consumers and support consumption-led growth," Moody's said.

BlackRock chief Larry Fink said India could emerge as one of the world's defining growth engines over the next two decades, driven by policy stability, infrastructure push and rising confidence

The India-US trade agreement should be seen as a win for consumers and producers, with debates on protectionism and strategic autonomy often missing the economic trade-offs involved