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Macro - Country Economic Forecasts - India

Publisher Oxford Economics
Published Jun 17, 2025
Length 9 Pages
SKU # OFE20204883

Description

India's economic growth momentum remained solid at the start of 2025. Real GDP rose 7.4% y/y in Q1, bringing growth for the fiscal year 2024/2025 to 6.5%. We expect momentum to soften in Q2 and Q3 and forecast a 6.5% GDP expansion in 2025, followed by 6.6% growth in 2026.

Table of Contents

9 Pages
India: Rate cuts help investment, but uncertainty is still a drag
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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