India Ratings and Research (Ind-Ra) has slashed India's GDP projections for 2025-26 to 6.3 per cent, a 30 basis points lower than its earlier forecast of 6.6 per cent in December 2024.
According to the statistics ministry, the year-on-year inflation rate based on Consumer Price Index (CPI) for June was 2.10 per cent (provisional), a decline of 72 basis points in headline inflation from May 2025. It is the lowest year-on-year inflation since January 2019.
Wholesale inflation in India edged marginally higher in February, rising to 2.38 percent, according to data released by the commerce ministry on Monday. In January, it was 2.31 percent.
The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 2.31 per cent (provisional) for the month of January 2025, government data showed Friday.
In a move that is expected to boost residential real estate, business investments, and overall economic growth, experts have welcomed RBI's repo rate cut, combined with budgetary measures for real estate and investments -- a game changer for economic growth.
CareEdge Ratings expects the central government to continue on the path of fiscal consolidation and projects India's GDP growth to moderate but remain healthy at 6.5 per cent in the current financial year.
India's retail inflation in November was at 5.48 per cent as compared to 6.21 per cent logged in October, falling in line with the Reserve Bank of India's 2-6 per cent comfort band.
S&P Global Ratings on Monday retained India's GDP forecast for the current financial year 2024-25 at 6.8 per cent while cutting economic growth forecasts for the next two years.
Multinational investment bank Goldman Sachs forecasts India's GDP growth to decelerate to 6.3 per cent in 2025, over continued fiscal consolidation and slower credit growth.
Das said, "Soft landing has been ensured, but risks of inflation coming back and growth slowing down do remain. The headwinds from geopolitical conflicts, geoeconomic fragmentation, commodity price volatility and climate change continue to blow."