Fitch Ratings has revised its global GDP growth forecast moderately upward to 2.4 per cent for 2025, an increase of 0.2 percentage points from the June outlook.
Trump's tariff on trade action has forced a downward revision in India's real GDP growth forecasts; now pegged at 6.5% year-on-year for calendar year (CY) 2025 and 6.4% for 2026, a reduction of 0.1 and 0.2 percentage points, respectively.
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.
S&P Global has revised its Gross Domestic Product (GDP) growth forecasts for India upwards for both 2025 and 2026, citing resilient domestic demand as a key driver.
Mumbai (Maharashtra) [India], May 12: Dun & Bradstreet, a global leader in business decisioning data and analytics, has released its Economy Observer report for May 2025. Economy Observer is a monthly report sharing in-depth analysis of key macroeconomic developments in India and provide
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 International Monetary Fund (IMF) retained India's growth forcastat 6.5 per cent for for fiscal 2026 and fiscal 2027, the global economic body said in its World Economic Outlook report.
The State Bank of India (SBI) has revised its forecast for India's GDP growth in FY25 to 6.3 per cent, slightly lower than the National Statistical Office's (NSO) estimate of 6.4 per cent.
The World Bank has upwardly revised India's GDP growth forecast for the current financial year 2024-25 by 20 basis points to 6.6 per cent from its earlier projection of 6.4 per cent made in January.
Earlier, in the Reuters poll, several economists anticipated the growth to be around 2.5 per cent. But the final numbers have exceeded the projections. The economy grew 4.1 percent year-on-year in the third quarter of 2022.