Indian Economy

India is likely to clock a GDP growth of 7.5-7.8 per cent in the current fiscal, supported by festive demand and robust services activity, and moderate to 6.6-6.9 per cent in FY27 on a high base and persistent global uncertainties, Deloitte India said on Wednesday. For India, 2025 will be remembered as the year of "resilience" in domestic demand, decisive reforms in fiscal, monetary and labour policies, and recalibrations in trade policies. Real GDP grew 8 per cent in the first half (April-September) of the ongoing 2025-26 fiscal despite global headwinds such as trade disruptions, policy shifts in advanced economies, and volatile capital flows. Deloitte India expects full year GDP growth at 7.5-7.8 per cent for FY2025-26, supported by festive demand and robust services activity. Furthermore, growth may moderate to 6.6-6.9 per cent in FY2026-27, reflecting a high base and persistent global uncertainties, it said in a statement. "India's resilience is no accident. It stems from ...

It highlighted AI and possible resolution of trade disputes as upside risks

The Prime Minister emphasised that the period leading up to 2047, when India marks 100 years of independence, is a decisive phase for both the nation and its youth

While the economy is well poised, key macro numbers and structural constraints continue to weigh

Mr Bird's book is an interesting contribution to understanding why land continues to occupy such a role in modern economies and the trajectories of nations

Customs regimes can lead to labyrinthine legal disputes. Budget 2026 must recognise that an excessively defensive Customs posture can itself become a trade barrier

What is often framed as flexible employment increasingly resembles regular work, raising questions around hours, pay and working conditions

The government is likely to achieve the fiscal deficit target of 4.4 per cent of the GDP in FY26, and it could even better it, a positive signal to global investors about India's commitment to fiscal management, PwC Partner and Economic Advisory Services leader Ranen Banerjee said. The revision in the nominal GDP growth target from 10.1 per cent to 8 per cent by the National Statistical Office recently raised concerns about the government's ability to meet the fiscal deficit target. Although the nominal GDP growth rate has been revised downward to 8 per cent from 10.1 per cent, the absolute numbers are almost matching the budget estimates, he said, adding that this means the denominator is not shrinking and the government should easily meet the 4.4 per cent fiscal deficit target. It is to be noted that the government overachieved its fiscal deficit target of 4.8 per cent against 4.9 per cent of GDP pegged for FY25. "It has a headroom to actually better it. We believe that optically

India's economy remains resilient despite geopolitical headwinds and trade barriers, with real gross domestic product projected to grow 7.4 per cent in FY26, the principal secretary to the PM said

Core inflation, excluding food and fuel components, likely edged up to 4.53 per cent in December from an estimated 4.2 per cent-4.3 per cent in Nov, ‍partly due to a 7 per cent rally in gold prices

The statistics ministry on Wednesday estimated the economy to grow 7.4 per cent in 2025-26

The House Listing and Housing Census will precede population enumeration and focus on housing conditions and amenities, with the exercise scheduled across states and UTs in 2026

Nominal growth expected at 8%, slowest since FY21; fiscal deficit target likely to be met

Prime Minister Narendra Modi on Wednesday said India's "Reform Express" is gaining momentum, powered by the NDA government's investment policies as the economy is projected to grow at 7.4 per cent in the fiscal year 2026. "India's Reform Express continues to gain momentum. This is powered by the NDA Government's comprehensive investment push and demand-led policies," Modi said in a post on X. The First Advance Estimates released by the Ministry of Statistics and Programme Implementation on Wednesday put the GDP growth rate in 2025-26 (April 2025 to March 2026) at better than the 7.3 per cent forecast of the Reserve Bank of India (RBI) and the government's initial projection of 6.3 to 6.8 per cent. "Be it infrastructure, manufacturing incentives, digital public goods or 'Ease of Doing Business', we are working to realise our dream of a prosperous India," the prime minister said.

India will have to reduce imports and increase exports, if it wants to become the third-largest economy in the world, Union Minister Nitin Gadkari said on Wednesday. Speaking at 'CSIR's Technology Transfer Ceremony', Gadkari highlighted how agricultural waste can be converted into a valuable national resource and help in reducing the country's crude imports. The road transport and highways minister noted that the use of bio-bitumen, a petroleum-free component, in road construction is a transformative step towards the vision of Viksit Bharat 2047. "By utilising agro-waste, it reduces pollution caused by crop burning and strengthens the circular economy. "With 15 per cent blending, India can save nearly USD 4,500 crore in foreign exchange and substantially reduce its dependence on imported crude oil," Gadkari said. The minister said that India, which is the fourth largest economy in the world, will have to reduce its imports and increase exports to become the third-largest. "If the

The projection formed part of India's first advance estimate of gross domestic product (GDP), which is subject to revisions as data coverage improves

The First Advance Estimates provide the earliest projection of annual economic growth by the statistics ministry and forms the base for key FY27 Budget calculations

External demand is expected to fare better in FY27 than in FY26, aided by recently concluded trade agreements with the UK, New Zealand and Oman, and the prospect of a US trade deal later in the fiscal

The HSBC India Services Purchasing Managers' index (PMI), compiled by S&P Global, fell to 58 in December from 59.8 in November

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