India Gdp

UN cuts India's 2026 GDP forecast to 6.4% citing global uncertainties

The United Nations has revised downward India's economic growth forecast for 2026 to 6.4 per cent from its earlier projection of 6.6 per cent, citing global uncertainties and economic shocks arising from the ongoing West Asia crisis. As per the report released by the UN Department of Economic and Social Affairs (UN DESA) on Tuesday, India, however, remains one of the fastest-growing major economies. West Asia crisis has delivered yet another shock to the global economy, slowing growth, reigniting inflationary pressures and heightening uncertainty, it said. Ingo Pitterle, Senior Economist and Officer-in-charge of Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN DESA, said India is "not immune" to current global challenges. "It is a large energy importer and it is also exposed to other channels, for example, remittances, add to some vulnerability. Also, a global financial tightening will make monetary policy more complicated," he added. Pitterle pointed o

Govt revises release date for annual and Q4 GDP estimates to June 7

The ministry said the change was necessitated because some "critical datasets become available only after a lag of up to two months"

India's growth to slow to 6.7% on waning momentum, oil price shock: BMI

India's economic growth is likely to decelerate to 6.7 per cent in the current fiscal, from 7.7 per cent in 2025-26, with the GDP expansion expected to slow significantly due to waning momentum and oil price shock from Iran war, BMI said on Monday. BMI, a Fitch Group firm, also said that the prospect of the Iran-US conflict escalating in scope presents downside risk to its growth outlook and India must balance spending needs on defence and fuel price stabilisation against fiscal consolidation agenda. The tax reforms in GST and income tax carried out in 2025 will partly offset effects of cost-push inflation, BMI said, adding looser monetary policy will support capital spending, as increased uncertainty amid the war and higher input prices hurt investment. BMI estimates that India's economy grew 8 per cent y-o-y in the January-March quarter of 2026, faster than its original 7.8 per cent projection. It has revised its growth forecast for 2025-26 upwards by 0.1 percentage points to 7.7

GDP growth may slip to 6% if Indian crude averages $120/barrel in FY27: EY

India's GDP growth may slip to around 6 per cent and retail inflation could rise to RBI's upper tolerance band of 6 per cent in the current fiscal, if the Indian crude basket price averages USD 120 a barrel, EY India said on Wednesday. EY India Chief Policy Advisor DK Srivastava said, although room for policy interventions is limited, policymakers need to consider upward revision in the repo rate and accelerated diversification of sources of crude supply as the price of the Indian crude basket (ICB) may rise further if the West Asian crisis persists. "If the ICB price averages USD 120 per barrel in FY27, India's real GDP growth may slip to about 6 per cent and CPI inflation may increase to 6 per cent... To minimise the adverse impact on fiscal deficit, increased energy prices should be passed on to the retailers to a relatively larger extent," Srivastava said. The April 2026 release of the US Energy Information Administration EIA Short-Term Energy Outlook projects Brent crude oil ..

India's data collection needs to go local to capture finer details

As the economy becomes more regionally differentiated, national and state averages are no longer enough to track growth

India's economy projected to grow at 6.4% in 2026, 6.6% in 2027: UN report

India's economy is projected to grow at 6.4 per cent this year and 6.6 per cent in 2027, according to a report by the United Nations. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said in the report released Monday that economies in South and South-West Asia grew by 5.4% in 2025, compared to 5.2% in 2024, driven largely by strong growth in India. India's growth edged up to 7.4% in 2025, "supported by robust consumption, especially from the rural economy along with goods and services tax rate cuts, and export frontloading ahead of the United States' tariffs," the report, titled Economic and Social Survey of Asia and the Pacific 2026, said. It said in India, economic activities moderated in the second half of 2025 as exports to the United States declined by 25 per cent following the introduction of 50 per cent tariffs in August 2025. The services sector remained a key growth driver. The report projected India to register a 6.4 per cent growth rate

Datanomics: Rupee weakens, Indian economy slips to sixth-largest

India's GDP in domestic currency terms records a CAGR of 8.56 per cent between 2021 and 2025, reflecting highest economic growth among major economies

RBI Policy provides a practical picture of the road ahead amid West Asia war

Rate cuts can now be ruled out and the question will be more on when there can be a rate hike. A clearer picture will emerge over the next few months

India's leapfrog moment: A coordinated push can reshape growth path

As India nears the $3,000 per capita mark, a coordinated push in skills, clean energy and AI could help it leapfrog the middle-income trap

Morgan Stanley cuts India FY27 GDP forecast by 30bps to 6.2%

If crude spikes to $150/bbl for a quarter, we see FY27 (GDP) growth at around 5.7 per cent, CPI inflation breaching 6 per cent and the CAD widening to around 3 per cent of GDP, Morgan Stanley said.

Iran war could shave off 1% point from India's FY27 GDP growth forecast: EY

India's real GDP growth for the next fiscal could erode by around 1 percentage point, while retail inflation could rise by about 1.5 percentage points from their baseline estimates if the Middle East conflict persists through the next fiscal, an EY report said. The EY Economy Watch report said that several sectors, including employment-intensive sectors like textiles, paints, chemicals, fertilizers, cement and tires, could be directly impacted. Any reduction in employment or incomes in these sectors may further dampen aggregate demand. As a result, both supply and demand conditions may be adversely affected by global oil market disturbances. It said the Indian economy, which imports nearly 90 per cent of its crude oil requirements, is also highly dependent on imports of natural gas and fertilizers, and is particularly vulnerable to such external shocks, with the adverse effects likely to cascade across multiple sectors through strong forward and backward linkages with crude oil and .

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

New GDP series: A beginner's guide to GDP estimates | GDP base year | GDP growth | Indian Economy

India is set to release a new GDP series with 2022–23 as the base year. But what exactly is GDP, how is it calculated, and why do revisions matter?

India’s new GDP series highlights: Economy grows by 7.8% in Q3 FY26; full year growth raised to 7.6%

India’s economy expanded 7.8% in the October–December quarter of FY26, according to newly released national accounts data based on a revised GDP series with 2022–23 as the base year.

Maharashtra on track to contribute $1.5 tn to India's GDP: Dy CM Shinde

Deputy CM Eknath Shinde says Maharashtra is on track to contribute $1.5 trillion to India's GDP as infrastructure expansion and investment drive the state's growth

Nomura cuts India FY27 GDP forecast to 7% amid West Asia conflict

Tensions in West Asia, if sustained, could test the goldilocks mix of robust growth and stable inflation, Nomura said in a recent note.

Best of BS Opinion: New GDP series welcome, but more needs to be done

A new GDP base year, US-Israel strikes on Iran, India's urban planning crisis, and artificial intelligence's impact on the IT sector dominate today's Opinion page

Economists project FY27 growth to be over 7% in the new GDP series

Economists expect India's FY27 growth to exceed 7 per cent under the new GDP series, supported by capex push and consumption, though trade tensions and El Nino risks loom

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

Economy expands 7.8% in Q3; manufacturing shines bright

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