S&P Global Ratings on Tuesday cut India's GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for Asia-Pacific (APAC), S&P said despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies. "India's GDP will grow 6.5 per cent in the fiscal year ending March 31, 2026, we expect. Our forecast is the same as the outcome for the previous fiscal year, but less than our earlier forecast of 6.7 per cent," S&P said. The forecast assumes that the upcoming monsoon season will be normal and that commodity- especially crude-- prices will be soft. Cooling food inflation, the tax benefits announced in the country's budget for the fiscal year ending March 2026, and lower borrowing costs will support discretionary consumption in India, S&P said. The global credit rating agency ...
Poll of 12 forecasters shows pickup in rural demand, govt capex
ICRA on Tuesday projected India's GDP to grow 6.4 per cent in the December quarter on account of enhanced government spending amid uneven consumption. The Indian economy grew at 6.7 per cent in April-June, but it slowed to a seven-quarter low of 5.4 per cent in September quarter on sluggish government capital expenditure due to general elections and weak consumption demand. ICRA Chief Economist Aditi Nayar said India's economic performance in Q3 FY2025 benefitted from a sharp ramp-up in aggregate government spending (Centre and state) on capital and revenue expenditure, high growth in services exports, a turnaround in merchandise exports, healthy output of major kharif crops etc, which would have buffered rural sentiment. Some consumer-focussed sectors saw a pick-up during the festive season, even as urban consumer sentiment dipped slightly, and other sectors such as mining and electricity saw an improvement after weather-related challenges in the previous quarter. "Overall, while
RBI prioritises growth as inflation cools, cuts repo rate to 6.25% in Feb 2025 MPC meeting
Looking ahead, we believe that the growth-inflation outlook suggests that there is room for another 25 bps rate cut in either the April or the June 2025 meetings
Budget 2025: GDP projections in line with international agencies including International Monetary Fund (IMF), Asian Development Bank (ADB), and World Bank
Growing geo-economic fragmentation can decrease global GDP by up to USD 5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the COVID-19 pandemic, a new study showed on Thursday. India and some other emerging economies can bear the biggest burden in the most extreme fragmentation scenario, it cautioned. Countries are increasingly using the global financial and trading systems to advance geopolitical objectives through sanctions, industrial policies, and other economic measures, the World Economic Forum said while releasing the report here during its Annual Meeting 2025. The Navigating Global Financial System Fragmentation report estimated that fragmentation resulting from statecraft policies could cost the global economy USD 0.6 trillion to USD 5.7 trillion up to 5 per cent of global GDP due to reduced trade and cross-border capital flows as well as lost economic efficiencies. It could also increase global inflation by more than 5 per cent in a very high ..
Bahujan Samaj Party chief Mayawati on Wednesday urged the Centre to prioritise national and public welfare over "narrow politics, after the government revised downwards the GDP growth estimate for the current fiscal. Her remarks came at a time when the Indian rupee has hit a record low of 85.83 against the US dollar, and the GDP growth rate is forecast to drop to 6.4 per cent for 2024-25, the lowest in four years. "The GDP growth rate is expected to fall to 6.4 per cent. Most newspapers highlighted this as their top news today. The ones who are truly saddened by this are the country's poor and hardworking population, who, despite their tough lives, are not ready to hear any harm coming to their nation," Mayawati said in a post on X. "The poor may not have a direct connection with the falling value of rupee in the global market, yet they are unhappy about it. The government must respect their emotions, and, setting aside its 24-hour narrow politics, focus on public and national welfa
Despite projected growth rates of 6 per cent in first half of FY25, with a pickup to 7 per cent in the second half, SBI flags weak private investment as a concern to economic growth
At 6:31 AM, GIFT Nifty futures indicated a subdued start, trading 72 points lower at 23,723, suggesting a negative opening for Indian bourses
Falls short of RBI estimate; better showing in agri and manufacturing expected in H2
Real GDP growth will come lower than the official estimate at 6.2 per cent in the ongoing fiscal year and inch up to 6.5 per cent in FY26, a foreign brokerage said on Tuesday. The Q2FY25 growth number at 5.4 per cent was disappointing, HSBC said in a report, adding that it expects the gross value added growth in the December quarter to go up to 6.5 per cent. "Our 100 indicators analysis shows that growth indicators have improved since September, but remain weaker than June," the report said. It said 65 per cent of the indicators are growing at a positive clip in the December quarter compared to 55 per cent in the July-September period, and added that improvements have been the clearest in agriculture, exports, and construction. Even urban consumption, which has been discussed a lot in recent weeks in a concerning way, has shown some improvement in the December quarter, the report said. The brokerage said utilities and private investment indicators continue to remain subdued, and .
Economic Survey had projected a GDP growth of 6.5% to 7%. This was later revised to 6.5% by the finance ministry in November 2024
Early signs indicate a positive opening for the markets. At 6:37 AM, GIFT Nifty futures were trading 51 points higher at 23,772, pointing to a higher start for the bourses
RBI Monetary Policy Committee answers queries on growth forecasts, liquidity, cash demand, and CRR adjustment
Reserve Bank of India Monetary Policy Committee: Food prices likely to keep headline inflation up in the near future
The CPI inflation for Q3 FY2025 is expected to overshoot the MPC's estimate of 4.8 per cent for the quarter by at least 60-70 bps
India's GDP recorded a 5.4% growth in the July-September quarter, its slowest in two years
At 6:55 AM, GIFT Nifty futures were down 13.5 points, trading at 24,260, indicating a flat to negative start for the markets
During the June quarter of FY25, the economy grew 6.7 per cent