Macroeconomic Outlook Report: India
Description
Macroeconomic Outlook Report: India
Summary
Financial intermediation, real estate, and business activities contributed 22.9% to the gross value added (GVA) in 2024, followed by mining, manufacturing, and utilities activities (18.1%), and agricultural activities (17.8%). In nominal terms, the three sectors are expected to grow by 10.8%, 10.7%, and 9.3%, respectively, in 2025.
Emerging cities such as Bengaluru and Hyderabad are new drivers of economic growth, with a lower population share than old metro cities.
Among G20 economies, only India is expected to achieve a growth rate exceeding 6% in 2025, while all other nations are projected to grow at rates below 5%.
As of March 2025, the Indian government has set a target to construct 10,000 km of highways in the financial year 2025-26, aiming to raise INR300 billion ($358.5 million) through the monetisation of road assets. This target is lower than the current year's goal of 10,421 km and a monetisation target of INR390 billion ($466.5 million). The upcoming construction includes 1,100 km in North-Eastern states and 750 km in tribal areas, alongside a high-speed corridor network of 5,800 km. The monetisation will be achieved through Toll Operate Transfer (ToT) and Infrastructure Investment Trust (InvIT) models, each expected to generate INR150 billion ($179.4 million). The National Highways Authority of India (NHAI) has identified 24 highway assets for monetisation.
Scope
Summary
Financial intermediation, real estate, and business activities contributed 22.9% to the gross value added (GVA) in 2024, followed by mining, manufacturing, and utilities activities (18.1%), and agricultural activities (17.8%). In nominal terms, the three sectors are expected to grow by 10.8%, 10.7%, and 9.3%, respectively, in 2025.
Emerging cities such as Bengaluru and Hyderabad are new drivers of economic growth, with a lower population share than old metro cities.
Among G20 economies, only India is expected to achieve a growth rate exceeding 6% in 2025, while all other nations are projected to grow at rates below 5%.
As of March 2025, the Indian government has set a target to construct 10,000 km of highways in the financial year 2025-26, aiming to raise INR300 billion ($358.5 million) through the monetisation of road assets. This target is lower than the current year's goal of 10,421 km and a monetisation target of INR390 billion ($466.5 million). The upcoming construction includes 1,100 km in North-Eastern states and 750 km in tribal areas, alongside a high-speed corridor network of 5,800 km. The monetisation will be achieved through Toll Operate Transfer (ToT) and Infrastructure Investment Trust (InvIT) models, each expected to generate INR150 billion ($179.4 million). The National Highways Authority of India (NHAI) has identified 24 highway assets for monetisation.
Scope
- Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework. This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks. These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions. The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
51 Pages
- Did You Know?
- Country Highlights
- Key Economic Updates and Impact of US Tariff
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- List of Figures
- Exhibit 1: India’s performance in Country Risk Analysis in Comparison to Asia-Pacific and World Average
- Exhibit 2: Performance Overview (Score: 0-100)
- Exhibit 3: Broad Categories and Weights behind the Index
- Exhibit 4: NIFTY Index (August 2024 -August 2025)
- Exhibit 5: Key Sectors’ Contribution to the Economy (2020-27f)
- Exhibit 6: Total FDI Inflows by Year (2020-21 to 2024-25) & FDI by Top Sectors (2022-23 to 2024-25)
- Exhibit 7: FDI Equity Inflows by Country and by Region (2022-23 to 2024-25)
- Exhibit 8: Key Infrastructure Indicators
- Exhibit 9: Real GDP and Household Consumption Growth Rate (2020-27f)
- Exhibit 10: Real GDP Growth Rate Comparison (2024)
- Exhibit 11: Volume of Exports and Imports Growth (2020-27f)
- Exhibit 12: Current Account Balance (2020-27f)
- Exhibit 13: Top Three Commodity Exports, % of Total Exports (2020-24)
- Exhibit 14: Mineral fuels, Mineral Oils and Products of their Distillation Exports, % of World Total (2024)
- Exhibit 15: Interest Rates (August 2020 - August 2025)
- Exhibit 16: Exchange Rate and Inflation (2020-27f)
- Exhibit 17: Public Finance (2020-27f)
- Exhibit 18: General Government Debt (2020-27f)
- Exhibit 19: Unemployment Rate (2020-27f)
- Exhibit 20: Average Annual Wages (2020-27f)
- Exhibit 21: Labor Cost Index (2020-27f)
- Exhibit 22: Rural/urban Share of Total Population (2015, 2020, 2025f, 2030f)
- Exhibit 23: Age-group Share of Total Population (2015, 2020, 2025f, 2030f)
- Exhibit 24: Gender Split (2015, 2020, 2025f, 2030f)
- Exhibit 25: Internet Users as a Percentage of Total Population, Mobile Penetration Rate and Broadband Penetration Rate (2024)
- Exhibit 26: Number of Patents Granted Per Million Population (2024)
- Exhibit 27: High-Technology Exports, % of Manufactured Exports (2024)
- Exhibit 28: Rule of Law Index (Rankings) 2024
- Exhibit 29: Corruption Perceptions Index (Rankings) (2024)
- Exhibit 30: Renewable Electricity, Installed Capacity (2020-24)
- Exhibit 31: CO2e emissions (2020-24)
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.