India Gdp Growth

World Bank lifts India FY27 growth view to 6.6%, sees strong recovery

The multilateral lender cited resilient domestic demand and stronger export prospects, while warning that higher energy prices could strain government finances

India's GDP growth to slow to 6.6% in FY27 amid global headwinds: BMI

India's GDP is likely to grow at 6.6 per cent in the current fiscal as compared to 7.7 per cent in FY26, on weaker investments and consumption growth and trade shocks from the West Asia crisis, BMI, a Fitch group company, said. According to government data released last week, GDP growth in FY26 accelerated to 7.7 per cent from 7.1 per cent in FY25, supported by healthy consumption and robust investment activity. BMI expects the rupee to trade in the range of 95.1 against the US dollar this calender year. It said the rupee's depreciation from its 87 average level in 2025 will support export competitiveness, offsetting the drag on GDP from the Iran conflict's terms-of-trade shock. The GST reforms implemented in September 2025 caused a consumption boom in December quarter FY26. Thereafter, consumption growth fell by 1.1 percentage points to 7.1 per cent y-o-y in March quarter FY26. "Looking ahead, we continue to expect 6.6 per cent GDP growth in FY2026/27. Our projection represents a

GDP growth momentum intact, no immediate need for borrowing: Govt officials

The Indian economy is facing headwinds from external sectors with rising fuel and fertiliser import bills due to West Asia crisis, but GDP growth momentum remains intact with domestic consumption holding up, government sources said on Tuesday. Sources said the FY27 Budget had taken into cognisance the uncertainties in the global economy around tariffs, and the government do not immediately need to account for additional borrowing or bring in supplementary demands for grants in the upcoming monsoon session of Parliament. On the fiscal deficit front, sources said the budgeted target of 4.3 per cent of GDP is still intact, and the government is actively tapping its non-tax revenue areas like disinvestment and asset monetisation in the current fiscal. "DIPAM and DPE have a year-long pipeline and also a medium-term outlook of disinvestment and asset monetisation. I would hope the budgeted Rs 80,000 crore under this head exceeds BE and both the departments are working on it," a source sai

Fitch cuts India's FY27 GDP forecast to 6.4%, warns of US-Iran war impact

Fitch Ratings on Tuesday lowered its GDP growth projections for the current fiscal to 6.4 per cent from the earlier estimate of 6.7 per cent, saying that the US-Iran war will slow down the economy in the September and December quarters. Fitch said it expects a slowdown in economic growth in FY27 from the 7.4 per cent clocked in FY26 as rising prices erode real incomes and dampen consumer spending, amid a resilient capital expenditure. "We expect GDP growth to ease to 6.4 per cent in FY27, a downward revision of 0.3pp from March. Domestic demand will be the main driver of growth, but lower imports in real terms imply positive contributions to growth from net external demand," Fitch Ratings said in its June Global Economic Outlook. Last week, the RBI had cut its growth forecast for the current fiscal to 6.6 per cent and upped its inflation projection to 5.1 per cent. The rating agency said the slowdown in the economy will be most apparent in the second and third quarter of FY27, as

West Asia conflict, El Nino conditions may drag FY27 growth to 6.5%

India's GDP growth is expected to slow to 6.5% in FY27 as oil prices, geopolitical tensions and weak monsoon prospects weigh on economic activity

India's GDP grows 7.8% in Q4 FY26 despite ongoing West Asia crisis

Full-year GDP growth pegged at 7.7%

Monetary policy: Reserve Bank of India opens window for dollar inflow

RBI has unveiled a five-pronged plan to attract foreign capital, boost dollar inflows, ease banking liquidity pressures and support the rupee

India can return to over 7% growth path in FY28: CEA V Anantha Nageswaran

West Asia crisis may weigh on FY27 outlook, says Nageswaran

Datanomics: Indian economy slips to 6th spot on rupee weakness

India's GDP rose to ₹346.36 trillion in FY26, but rupee depreciation against the US dollar kept the country behind the UK and Japan in global economic rankings

Investment gained momentum, consumption steady in FY26: NSO data

Investment demand strengthened in FY26 as capital formation accelerated, while consumption remained resilient and government spending growth moderated

Tax concessions, FCNR sweeteners may impact forex marginally: Joseph Thomas

A hike in the base rate, along with the tax concessions, would have been a workable proposition given the need to shore up the forex inflows, said Joseph Thomas, head of research, Emkay Wealth

RBI MPC meet: Inflation for FY27 pegged at 5.1%, GDP growth at 6.6%

RBI MPC June: The policy committee kept the repo rate unchanged at 5.25 per cent, and the committee maintained its 'neutral' stance

Emkay raises FY27 Brent crude forecast to $90/bbl, cuts GDP outlook to 6.3%

Emkay Global has raised FY27 Brent crude oil price forecast to $90 per barrel citing West Asia tensions and inventory depletion. It has cut India's GDP growth outlook to 6.3 per cent

India may overtake China in share of global GDP in PPP terms by 2060

A World Inequality Lab study suggests India could surpass China in share of global GDP in PPP terms by around 2060 under a convergence scenario

OECD raises India's FY27 growth forecast, warns of energy-shock risks

The OECD has raised India's FY27 growth forecast to 6.3 per cent but cautioned that higher energy prices, inflationary pressures and supply disruptions could weigh on the economy

Best of BS Opinion: RBI faces twin inflation risks as uncertainty swirls

Today's Opinion highlights the RBI's policy choices, soaring IPL franchise valuations, fiscal challenges, climate targets and a timely examination of contemporary China

West Asia conflict fallout: India's GDP growth likely slowed in Q4

India's economic growth likely moderated in the March quarter as supply-chain disruptions and weaker high-frequency indicators tempered momentum, though overall activity remained resilient

West Asia crisis may cost India ₹2.1 trillion: Bank of Baroda economists

Bank of Baroda economists warn rising oil prices and subsidy burden may widen fiscal deficit and weigh on India's growth outlook in FY27

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

India's 2047 ambitions need large foreign capital inflows, deep reforms

India's 2047 aspirations require large foreign capital inflows and deep reforms to reverse the recent outflow