We've nudged down our 2025 GDP growth forecast for India to 6.8%, from 7.0% previously. This follows a projected 6.8% expansion for 2024. Our forecast reflects a more sluggish domestic demand outlook. We expect 6.7% growth over FY2025/26, the same as in FY2024/25.
India: Weaker domestic outlook prompts 2025 downgrade