Fitch Ratings cut India's GDP growth estimate by 10 basis points to 6.4 per cent for the current fiscal.
The softening of CPI inflation will boost India’s private final consumption expenditure, the largest component of the GDP, industry leaders said on Tuesday.
India’s automotive industry is a cornerstone of the nation’s manufacturing and economic growth, contributing 7.1 per cent to India's GDP.
India's domestic demand is showing signs of recovery, supported by several positive developments, according to a recent report by Crisil.
“The US is one of India’s largest trading partners, so a 26 per cent tariff hovering over imports of Indian goods will heavily impede the trade balance,” Moody’s Analytics said.
India's fiscal deficit up to February 2025 (FY2024-25) was Rs 13.47 trillion ($157.62 billion), or 85.8% of the estimate for the financial year ending March 31, government data showed on Friday.
Global ratings agency Fitch on Wednesday said that the low reliance on external demand is expected to insulate India from US action on tariffs, with the economy maintaining growth of 6.5 per cent in FY26 and 6.3 per cent the following year.
The decline in retail inflation to a level that is below the RBI’s targeted level of 4 per cent is expected to pave the way for accelerating GDP growth ahead as it provides the central bank with more headroom to cut interest rates and expand liquidity to spur economic activity and create more jobs.
India's real GDP in the third quarter (Q3) of FY 2024-25 is projected to expand at a rate of 6.2 per cent, data from the Ministry of Statistics and Programme Implementation (MoSPI) said on Friday. This marks a spike from the GDP growth of 5.4 per cent in the last quarter.
To achieve a growth of 6.5-7%, India has to maintain a tax buoyancy in the range of 1.2-1.5, a EY report said on Wednesday.
