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Macro - Country Economic Forecasts - India

Publisher Oxford Economics
Published Sep 26, 2025
Length 8 Pages
SKU # OFE20535975

Description

Following an upside surprise in India's Q2 GDP growth, we've revised up our full-year growth forecast to 6.9% in 2025. However, statistical anomalies may have inflated headline growth, overstating the true strength of domestic demand. We expect 6.3% growth next year. Fiscal and monetary support should intensify towards the end of 2025, leading to a gradual improvement in momentum going into 2026.

Table of Contents

8 Pages
India: Fiscal support ramps up after another tariff blow
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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