Trade policy outcomes in July, after the temporary tariff hiatus is over, and the future course of geopolitical events would likely shape the medium-term economic prospects
S&P Global Ratings raises India's FY26 growth forecast to 6.5%, citing normal monsoon, soft oil prices, tax reliefs and monetary easing as key drivers amid global headwinds
S&P raised India's FY26 growth forecast citing strong domestic demand, normal monsoon hopes, lower oil prices, and easing policy - reversing last month's downgrade over global risks
India's 18 future arenas - from EVs and semiconductors to AI and space - could drive 30% of its GDP growth by 2040, making the country a global hub for innovation, tech, and industrial leadership
Leading rating agency ICRA, in its latest outlook, said India's real GDP growth for 2025-26 will be 6.2 per cent, down from 6.5 per cent in the preceding financial year. Real Gross Value Added (GVA) growth is also expected to ease to 6 per cent from 6.4 per cent. Regarding inflation, the Consumer Price Index (CPI) is expected to be above 3.5 per cent, while the Wholesale Price Index (WPI) will be over 1.8 per cent for the current fiscal, the report added. ICRA has forecast the fiscal deficit to be 4.4 per cent of GDP for 2025-26, with the current account deficit projected at 1.2 per cent to 1.3 per cent during the same period. According to ICRA, rural demand is likely to remain upbeat, aided by Rabi cash flows and above-normal reservoir levels. It also said that the combination of the sizeable income tax relief in the Union budget for 2025-26, rate cuts leading to lower EMIs and moderation in food inflation is expected to boost household disposable incomes. The report added that
Chief Economic Adviser V Anantha Nageswaran cites policy continuity, PLI success, and external resilience as key factors in India's strong 2024-25 economic performance
The policy, according to U R Bhat, co-founder & director, Alphaniti Fintech shows the RBI's confidence in inflation and other macro variables
With inflation expected to rise back to above 4 per cent by Q4-FY26, the Monetary Policy Committee has capitalised upon the available headroom to frontload rate action
RBI Monetary Policy Committee maintained its GDP growth forecast for FY26 at 6.5%, lowered inflation forecast to 3.7%
The OECD cuts India's FY26 growth forecast to 6.3%, citing risks from rising US tariffs and trade tensions, but expects private consumption to strengthen with rising incomes and moderate inflation
UBS ups India's economic growth outlook on strong Q4 performance, rural demand rebound, easing trade tensions, and low oil prices
India's real GDP growth in FY26 will slide further to 6.2 per cent in FY26 from 6.5 per cent in FY25, a Japanese brokerage said on Monday. In a research report, Nomura said there is a "divergence" between the growth in GST collections and across other high-frequency growth indicators like auto sales and bank credit growth. As per the official data released last week, the real GDP growth came down to 6.5 per cent in FY25 from 9.2 per cent in FY24. The RBI sees growth sustaining at 6.5 per cent, the official data showed. "Our baseline view assumes GDP growth moderates to 6.2 per cent in FY26 from 6.5 per cent in FY25," Nomura said in its report. The Japanese brokerage revised its March 2026 Nifty target to 26,140 points, up from the previous level of 24,970 points, on the macroeconomic trends and also sought to temper concerns on valuations. "The Indian equity markets have been resilient in the recent past despite corporate earnings estimate cuts and global uncertainties," Nomura .
India's economy and technological prowess are on a steady path, but it faces external challenges in the form of both policies and nations
Dharmakriti Joshi, chief economist, Crisil says that consumption growth outpaced GDP, primarily driven by robust rural demand supported by a strong agricultural sector.
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
India has remained the fastest-growing major economy for the fourth straight year, driven by strong manufacturing, services, and farm sector growth, the finance minister said
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
Central bank's outlook for the Indian economy remains promising in 2025-26, supported by revival in consumption demand, government capex
India has become the 4th largest economy in the world, overtaking Japan, NITI Aayog has reported, citing IMF data.