EconSurvey
India's real GDP seen growing at 6.3-6.8% in FY26
This story was originally published at 14:32 IST on 31 January 2025
Register to read our real-time news.Informist, Friday, Jan. 31, 2025
NEW DELHI – The Economic Survey for 2024-25 (Apr-Mar), tabled in Parliament by Finance Minister Nirmala Sitharaman on Friday, has projected India's real GDP growth at 6.3-6.8% for 2025-26 (Apr-Mar), against the four-year low growth of 6.4% growth estimated last year.
The last Economic Survey, which was released in July, had pegged the GDP growth for FY25 at 6.5-7.0%. The economy, however, is estimated to have grown at a slower pace this year because of low government capital spending and moderating urban consumption.
Economists expect India's GDP growth to recover in FY26 on expectations of higher capital spending by the government and improving rural consumption. Earlier this month, the World Bank had said it expects the Indian economy to grow 6.7% in FY26. The International Monetary Fund projects India's GDP to grow 6.5% next year.
"There are many upsides to domestic investment, output growth and disinflation in FY26. There are equally strong, prominently extraneous, downsides too," the Economic Survey said. "Nonetheless, the fundamentals of the domestic economy remain robust, with a strong external account, calibrated fiscal consolidation and stable private consumption."
To read more please subscribe
Share this Story:
