Rating agency Crisil has revised India's gross domestic product (GDP) growth to 6.5 per cent for the current fiscal, supported by expectations of above-normal monsoon, rate cuts and the government's rural support schemes.
Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth -- underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies, RBI said in its latest Financial Stability Report.
The positive trajectory in the Indian economy appears to be continuing in 2025-26, with initial high-frequency indicators suggesting that economic activity has remained resilient, according to the Ministry of Finance's monthly report, released on Friday.
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.
India has overtaken several economies in terms of GDP over the past decade, but its citizens' per capita income remains poor. According to a report by Llama Research, the next phase of growth must translate into individual prosperity.
India's GDP growth for the January-March quarter of 2024-25 looked strong on the surface, but it hides several weaknesses, highlighted a report by Systematix Research.
As was widely expected, the Indian economy grew by 6.5 per cent in real terms in the recently concluded financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.
Indian economy is expected to grow at 6.9 per cent in the January-March quarter 2025, the official data for which is scheduled to be released on May 30 by the National Statistics Office, according to rating agency ICRA.
The Reserve Bank of India also recently lowered the growth forecast for the current fiscal 2025-26 to 6.5 per cent from 6.7 per cent, amid uncertainties arising from trade worries following the reciprocal tariffs announced by the US.
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.
The Indian economy is estimated to achieve a growth of 6.5 per cent in FY25 despite considerable external headwinds, the Monthly Economic Review by the Department of Economic Affairs (DEA), Ministry of Finance said.