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Macro - Country Economic Forecasts - India

Publisher Oxford Economics
Published Dec 16, 2025
Length 8 Pages
SKU # OFE20686036

Description

We've raised our 2026 real GDP growth forecast for India by 0.2ppts to 6.5%. We now estimate the economy has expanded by 7.7% in 2025, 0.7ppts higher than our prior projection. Our revisions follow a surprisingly robust Q3 GDP growth print of 8.2% y/y, the highest in six quarters, although the headline number likely overstated the underlying strength of economic activity.

Table of Contents

8 Pages
India: Monetary easing cycle has likely come to an end
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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