
Summary:
The Indian economy is predicted to grow between 6.3% and 6.8% in FY26, according to the Economic Survey released by Union Minister Nirmala Sitharaman on January 26, 2025. This aligns with growth estimates from the IMF, ADB, and World Bank. The IMF forecasts 6.5% GDP growth in FY25 and FY26, while the ADB has updated its FY25 projection to 6.5% and FY26 to 7%.
The revised projection indicates slower growth than previously estimated, due to weak industry and reduced government investment. This contrasts with last year's Economic Survey, which projected FY25 growth at 6.5%-7%. The RBI had also anticipated 6.6% growth. The government's initial projection for FY25 GDP growth is 6.4%. Inflation remains a concern, with retail inflation at 5.22% in December 2024, significantly above the RBI's 4% target.
Source: IBEF
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