According to a recent report by ICRA it reveals that, intensifying risks such as geopolitical tensions in West Asia, volatility in financial markets, and uncertain trade policies are likely to pose downside risks to the India's GDP growth forecast.
Indian stock markets opened higher on Thursday, reflecting strong investor confidence in the country's economic outlook despite recent tensions with Pakistan. The positive start comes also amid optimism surrounding the India-UK trade deal and a stable global interest rate environment.
India's smartphone market is expected to grow at a low single-digit rate this year, driven by a favorable economic outlook and increasing global interest in Indian manufacturing, market intelligence research firm Counterpoint Research asserted.
Austria saw a sharp 8 per cent rise in corporate bankruptcies in Q1 2025, with 2,004 companies filing for insolvency and EUR 19 billion in financial liabilities, affecting around 25,000 jobs and raising concerns about the country's economic trajectory.
Fitch Ratings has lowered India's growth forecast for 2025-26 by 10 basis points to 6.4 per cent. For 2026-27 the growth forecast is lowered by 20 basis points to 6.3 per cent.
Fitch Ratings has sharply lowered its forecasts for world growth in response to the severe escalation in the global trade war, lowering world growth in 2025 by 0.4pp and China and US growth by 0.5pp, according to its its quarterly Global Economic Outlook.
Fitch Ratings has revised India's growth rate for FY25-26 to 6.5 per cent and to 6.3 per cent for FY26-27 in its March Edition of the Global Economic Outlook because of the US-imposed global trade war. However, it adds that India is somehow insulated because of its self-sufficiency.
The near-term global economic outlook is influenced by trade policies of major economies amid a slowing disinflation, said Chief Economic Adviser Anantha Nageswaran said on Friday, soon after the GDP figures for October-December was released.
Amid evolving economic conditions, Deloitte India, in its latest Economic Outlook, has revised its annual GDP growth projection for 2024-25 to 6.5-6.8 per cent, with expectations for 6.7-7.3 per cent in the following year.
China's population continued its downward trend for the third consecutive year, with deaths surpassing the slight rise in births, raising concerns over the nation's long-term demographic and economic outlook, as reported by the Taipei Times.