The Indian economy may have registered a strong growth rate of around 6.8 per cent to 7 per cent in the first quarter of the current financial year, significantly higher than the Reserve Bank of India's estimate of 6.5 per cent, according to a report by the State Bank of India (SBI).
India's GDP growth projection is at 6.7 per cent in the first quarter of the current financial year which is higher than the RBI estimates of 6.5 per cent, according to rating agency ICRA.
"I would recommend that India take a look once again at RCEP. RCEP is the 15 economies, including China, Japan, Korea, ASEAN, Australia, and New Zealand. It should be 16. India should be part of that. And that would be a very dynamic way to grow for years to come," Sachs said.
In her address to the nation on the eve of 79th Independence Day, President Murmu said that the country's 6.5 per cent GDP growth rate, controlled inflation rate, and rising exports, are all key indicators point that the Indian economy is in the pink of health.
US President Donald Trump has imposed an additional 25 per cent tariff on imports from India, as per the economists and experts the move could dent the India's GDP growth in FY26 by 0.4 per cent.
India is well-positioned to maintain its lead among fast-growing economies in FY2025-26, Deloitte asserted in a report, citing the country's resilient capital markets, strong domestic consumption, digitally skilled workforce, and increasing trade partnerships.
Industry leaders and economists have expressed confidence in the growth of Tamil Nadu which achieved double digit economic growth and said that the state could exceed 12 per cent in the coming year if it sustains this momentum the current economic momentum.
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.
Despite the uncertain global trade environment due to ongoing tariff announcements and trade negotiations, the Reserve Bank of India (RBI) has kept the GDP growth projection for the current financial year 2025-26 unchanged at 6.5 per cent.
India is projected to maintain a steady 6-6.5 per cent year-on-year real GDP growth in FY26, supported by resilient domestic demand and potential relief from softer global crude oil prices, despite pressures from recent tariff hikes, according to a UBS report.
New Delhi [India], July 22: A global study released by The Economist Impact, supported by Haleon, reveals that India's healthcare future hinges on one powerful lever: health literacy. The findings of the Health Inclusivity Index, which analyzed 40 countries, looking at groups such as people
Corporate revenue growth in India may face a slowdown in the coming financial year due to weaker nominal GDP growth, according to a recent report by Jefferies.