Gdp Forecast

S&P raises India growth forecast for FY27; flags risks from energy shocks

The ratings agency expects growth to moderate from FY26 levels, supported by consumption and investment, while warning of risks from geopolitical tensions and energy prices

S&P lifts India FY27 GDP forecast to 7.1% on strong consumption, investment

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 .

Goldman Sachs cuts India's 2026 growth forecast to 5.9%, sees rate hike

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

Crisil projects 7.1% growth for India in FY27, flags West Asia crisis

Crisil projects India's economy to grow 7.1 per cent in FY27 on consumption and investment, but warns West Asia tensions and trade frictions pose downside risks

India's FY26 growth outlook raised to 7.6% after GDP series reset

Economy expands 7.8% in Q3; manufacturing shines bright

GDP revision a move in right direction, but questions remain: Pronab Sen

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

New series addresses lacunae in older GDP methodology amid revision

Discrepancies between the expenditure and production sides not completely wiped out

New GDP series: Consumption demand recovers in FY26, govt spending flat

India's Second Advance GDP Estimates for FY26 signal strengthening private consumption, steady government spending and firmer investment momentum, reflecting shifts under the revised GDP series

A new baseline for a new economy: Understanding logic of India's GDP reset

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

A statistical reset that strengthens GDP credibility under new series

Overall, the 2022-23 base revision represents a substantive statistical reset

India's Q3FY26 GDP growth slows to 7.8% from 8.4% in Q2 on new series

India's GDP grew 7.8% in Q3FY26 under the new series, slightly slower than earlier quarters, while full-year FY26 growth is estimated higher at 7.6% compared to 7.1% in FY25

Explained: How new GDP series will alter growth estimation methodology

India will shift GDP base year to FY23 and adopt price deflators and double deflation to improve accuracy, reflect structural shifts, and align national accounts with global standards

India's GDP expected to grow between 6.8-7.2% in FY27: EY Economy Watch

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

The Sixteenth Finance Commission and the problem of uneven states

The 16th Finance Commission opts for continuity over disruption, but its new devolution formula and scrapping of revenue-deficit grants raise key federal equity concerns

RBI Policy: A prolonged pause on rates may already be underway

The POC stressed that excluding precious metals, underlying inflation pressures were muted and that barring volatility on account of gold and silver, core inflation was expected to remain range-bound

Why India is resetting GDP and CPI base years and what the change means

From shopping baskets to growth calculations, India is updating the base years for CPI inflation and GDP to reflect today's economy, a recalibration that will change headline numbers without altering

'Budget 2026 prioritises sustainable growth over short-term stimulus'

For long-term investors, such investments enhance productivity across sectors like manufacturing, services, logistics, and urban development

'Budget 2026 puts manufacturing, technology at centre of growth push'

Budget's priority seems to be to reinforce India's long term growth narrative while maintain a tight balancing act as far as fiscal discipline is concerned.

Budget 2026 delivers well on prudence and focuses on future thrust areas

Union Budget 2026 stays focused on fiscal prudence, targets a 4.3% deficit, sustains ₹12.2 trillion capex, and backs rare earths, freight corridors, waterways and data centres, writes Madan Sabnavis

Eco Survey sees FY27 GDP growth at 6.8-7.2% as demand, investment pick up

Fiscal indiscipline at the state level casts a shadow on sovereign borrowing costs