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Macro - Country Economic Forecasts - India

Publisher Oxford Economics
Published Aug 19, 2025
Length 8 Pages
SKU # OFE20317557

Description

We've lowered our GDP growth forecasts for India by 0.1ppt to 6.5% for 2025 and 6.6% for 2026. The US baseline tariff on Indian imports has increased to 25% from 10% previously, and the domestic demand outlook remains subdued.

Table of Contents

8 Pages
India: Limited near-term tariff hit, rising medium-term risks
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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