Given benign inflation outlook and growth still lower than potential, MPC should continue on reducing policy rate by another 50 bps
CEA Nageswaran says India may grow 6.3-6.8% in FY26, led by consumption and services exports, with momentum from Q4FY25 continuing into Q1FY26
FM highlights 7.4% Q4 GDP growth driven by industry, services and agri; calls for faith in India's abilities and urges reforms to eliminate corruption and ease regulation
RBI had pegged the fourth quarter's GDP growth at 7.2%, and FY25 at 6.6%
Rural consumption improved during the quarter, while urban demand indicators remained mixed
India has become the 4th largest economy in the world, overtaking Japan, NITI Aayog has reported, citing IMF data.
Without stronger domestic demand, GDP growth will continue to rely heavily on government spending, as it has for years
Despite its large economic size, India has struggled to integrate into manufacturing global value chains (GVCs), unlike many of its Asian peers
The government's final consumption expenditure provided a temporary lift to the economy in Q2FY24 but it has since faded sharply, even registering a decline in Q1FY25
Report highlights India's growth potential through manufacturing reshoring and energy security amid global trade uncertainty and protectionist policies
ICRA on Monday projected India's GDP growth at 6.9 per cent in the quarter ended March 31, and at 6.3 per cent for the full 2024-25 fiscal, undershooting the the National Statistics Office (NSO) estimates made in February. In February, the NSO had projected the Indian economy to grow at 6.5 per cent in 2024-25. With economic growth in June, September and December quarter at 6.5 per cent, 5.6 per cent and 6.2 per cent respectively. To achieve the NSO's projected 6.5 per cent growth in FY25, the GDP growth in Q4 or March quarter should be 7.6 per cent. The NSO is scheduled to release the provisional estimates of FY'25 GDP and quarterly estimates for Q4 on May 31. ICRA in its note said it projected the year-on-year (YoY) expansion of the GDP to rise to 6.9 per cent in Q4 FY 2025, from 6.2 per cent in Q3 FY2025, significantly undershooting the NSO implicit estimate of 7.6 per cent for the quarter. Unless there are material revisions in the data for Q1-Q3 FY2025, ICRA projects a sharp
India's economic growth forecast for 2025 has been revised downward to 6.3 per cent, and despite a projected moderation, the country remains one of the fastest-growing large economies, supported by resilient consumption and government spending, the United Nations has said. The UN on Thursday launched a report titled 'The World Economic Situation and Prospects as of mid-2025'. India remains one of the fastest growing large economies, driven by strong private consumption and public investment, even as growth projections have been lowered to 6.3 per cent in 2025, Ingo Pitterle, Senior Economic Affairs Officer, Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN Department of Economic and Social Affairs (DESA), said at a press briefing here. The report said the global economy is at a precarious juncture, marked by heightened trade tensions and elevated policy uncertainty. The recent surge in tariffsdriving the effective US tariff rate up steeplythreatens to rais
With inflation staying under RBI's 4% target for two months, economists expect three back-to-back repo rate cuts, starting with a 25 bps reduction in June
S&P cites US tariff shocks and rising global uncertainty as reasons for trimming India's FY26 growth projection to 6.3 per cent and FY27 estimate to 6.5 per cent
Deloitte on Thursday projected economic growth at 6.5-6.7 per cent for the current fiscal, as tax incentives provided in the Budget are expected to push domestic demand amid an uncertain global trade environment. Deloitte estimated India's GDP growth at 6.3-6.5 per cent for FY25 and said that the economic outlook for FY26 hinges on a delicate balance between evolving trade relations and government efforts to boost domestic consumer demand. "Growth this fiscal will be contingent on two opposing forces," said Deloitte's India Economy Outlook. The first factor would be the positive impact of tax incentives aimed at growing consumer spending (as announced in the Union Budget 2025). The second and opposing force would be the potential negative impact of uncertainty in global trade networks on the Indian economy. "The interplay of tax stimulus and trade uncertainties could keep growth between 6.5 per cent and 6.7 per cent for the current fiscal year," it added. The government in the FY2
Aditi Nayar, chief economist, ICRA Ratings, said growth in Q4 FY25 is anticipated to fall short of the level implicit in the NSO's second advance estimate for FY25
The latest Economic Survey had estimated India's GDP growth in the range of 6.3-6.8 per cent for FY26
The situation on tariffs is still evolving, but India is relatively well placed due to its low merchandise export dependence
Lowers South Asia's FY25 outlook and urges region's nations to carry out reforms and revenue mobilisation
UPSIDA will facilitate big-ticket investments and "ribbon development" in Ex-LIDA