Macro - Country Economic Forecasts - India

Macro - Country Economic Forecasts - India



We continue to expect real GDP will expand by 6.3% in 2024. There are signs activity softened in late Q1, but we believe this was short-lived and momentum will strengthen in H2 and into 2025. In fiscal year terms, we tweaked our forecasts to 6.7% for 2024/2025, up 0.1ppt, following a projected 7.8% expansion in FY2023/2024, down 0.1ppt.


India: Heat waves threaten incomes and consumption
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
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