India’s GDP growth pegged at 6.6% for FY26 on investment boost: India Ratings

Current GK (IBPS RRB-CL) Indian Economy

20-Dec-24

India Ratings and Research said that the country’s economic growth is likely to accelerate to 6.6% in the financial year starting 1 April, from 6.4% it has projected for FY25.

Devendra Kumar Pant, chief economist and head, public finance, for India Ratings and Research, told reporters that the Reserve Bank of India’s (RBI) interest rate cut would depend on whether food inflation is under control.

The ratings company’s forecast would be impacted by any tariff war, any capital outflow, and if the dollar continued to strengthen, Pant said.
The rating agency has forecast a 6.4% gross domestic product (GDP) growth for FY25, 20 basis points lower than the RBI’s 6.6% estimates.
For the first and second quarters of FY26, India Ratings and Research projected a growth of 6.7% and 7%, respectively, while the RBI’s estimates are 6.9% and 7.3%.

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